Vodafone Group plc’s (VOD) “Overweight” Rating Reaffirmed at Barclays PLC
Barclays PLC reiterated their overweight rating on shares of Vodafone Group plc (LON:VOD) in a research note released on Tuesday. They currently have a GBX 260 ($3.39) target price on the cell phone carrier’s stock.
Other equities analysts have also recently issued reports about the stock. Goldman Sachs Group Inc. set a GBX 265 ($3.46) price objective on shares of Vodafone Group plc and gave the stock a neutral rating in a research report on Tuesday. HSBC set a GBX 245 ($3.20) price objective on shares of Vodafone Group plc and gave the stock a buy rating in a research report on Monday, July 25th. Beaufort Securities reaffirmed a buy rating on shares of Vodafone Group plc in a research report on Monday, June 13th. Macquarie cut 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 report on Monday, June 13th. Finally, Haitong Bank reaffirmed a neutral rating and set a GBX 220 ($2.87) price objective on shares of Vodafone Group plc in a research report on Friday, September 23rd. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have issued a buy rating to the company. Vodafone Group plc has an average rating of Hold and an average target price of GBX 247.29 ($3.23).
Vodafone Group plc (LON:VOD) opened at 225.55 on Tuesday. The company has a 50 day moving average price of GBX 226.53 and a 200 day moving average price of GBX 225.34. The stock’s market cap is GBX 59.90 billion. Vodafone Group plc has a 52 week low of GBX 197.70 and a 52 week high of GBX 240.10.
In other news, insider Read,Nick sold 400,000 shares of the business’s stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of GBX 235 ($3.07), for a total transaction of £940,000 ($1,226,993.87). Also, insider Schellekens,Ronald bought 114 shares of the stock in a transaction dated Monday, September 12th. The shares were bought at an average price of GBX 221 ($2.88) per share, for a total transaction of £251.94 ($328.86).
About Vodafone Group plc
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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