Vodafone Group plc (VOD) Stock Rating Reaffirmed by HSBC
Vodafone Group plc (LON:VOD)‘s stock had its “buy” rating reaffirmed by HSBC in a note issued to investors on Monday. They presently have a GBX 280 ($3.65) price target on the cell phone carrier’s stock, up from their prior price target of GBX 270 ($3.52). HSBC’s price objective would indicate a potential upside of 25.84% from the company’s current price.
A number of other equities analysts also recently commented on VOD. Beaufort Securities restated a “buy” rating on shares of Vodafone Group plc in a research note on Tuesday, June 7th. Haitong Bank restated a “neutral” rating and set a GBX 210 ($2.74) price objective on shares of Vodafone Group plc in a research note on Tuesday, June 7th. Jefferies Group restated a “buy” rating and set a GBX 265 ($3.46) price objective on shares of Vodafone Group plc in a research note on Thursday, June 9th. Macquarie downgraded shares of Vodafone Group plc to a “neutral” rating and reduced their price objective for the stock from GBX 235 ($3.07) to GBX 225 ($2.94) in a research note on Monday, June 13th. Finally, Deutsche Bank AG restated a “buy” rating and set a GBX 300 ($3.92) price objective on shares of Vodafone Group plc in a research note on Wednesday, June 15th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 248.30 ($3.24).
Vodafone Group plc (LON:VOD) traded up 0.47% during midday trading on Monday, reaching GBX 223.55. The company had a trading volume of 60,423,231 shares. The stock’s 50 day moving average price is GBX 225.62 and its 200-day moving average price is GBX 225.41. Vodafone Group plc has a one year low of GBX 197.70 and a one year high of GBX 240.10. The firm’s market capitalization is GBX 59.37 billion.
In related news, insider Schellekens,Ronald bought 114 shares of the business’s stock in a transaction on Monday, September 12th. The shares were purchased at an average price of GBX 221 ($2.88) per share, for a total transaction of £251.94 ($328.86). Also, insider Read,Nick sold 400,000 shares of the firm’s stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of GBX 235 ($3.07), for a total transaction of £940,000 ($1,226,993.87).
Vodafone Group plc Company Profile
Vodafone Group Plc (Vodafone) is a mobile communications company which provides services to mobile voice, messaging, data and fixed line. The Company’s money transfer service, M-Pesa, enables people in emerging markets, to send and receive money through a mobile phone. The Company also has products such as international money transfer, savings and loans, salary disbursements and access to insurance products in different markets.
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