Vodafone Group plc (VOD) Receives “Outperform” Rating from BNP Paribas
Vodafone Group plc (LON:VOD)‘s stock had its “outperform” rating restated by equities research analysts at BNP Paribas in a research report issued on Thursday. They currently have a GBX 265 ($3.46) price objective on the cell phone carrier’s stock. BNP Paribas’ target price suggests a potential upside of 17.75% from the company’s previous close.
VOD has been the topic of several other research reports. Credit Suisse Group AG reaffirmed an “outperform” rating and set a GBX 240 ($3.13) price target on shares of Vodafone Group plc in a report on Wednesday, August 10th. Barclays PLC reaffirmed an “overweight” rating and set a GBX 265 ($3.46) price target on shares of Vodafone Group plc in a report on Friday, August 26th. Citigroup Inc. downgraded shares of Vodafone Group plc to a “neutral” rating and lifted their price target for the company from GBX 240 ($3.13) to GBX 245 ($3.20) in a report on Tuesday, July 12th. Haitong Bank reaffirmed a “neutral” rating and set a GBX 210 ($2.74) price target on shares of Vodafone Group plc in a report on Thursday, August 25th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 300 ($3.92) price target on shares of Vodafone Group plc in a report on Friday, June 24th. 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. Vodafone Group plc presently has a consensus rating of “Hold” and a consensus price target of GBX 248.30 ($3.24).
Vodafone Group plc (LON:VOD) opened at 221.80 on Thursday. The company’s market capitalization is GBX 58.91 billion. The stock’s 50 day moving average is GBX 226.13 and its 200 day moving average is GBX 225.40. Vodafone Group plc has a one year low of GBX 197.70 and a one year high of GBX 240.10.
In other news, insider Schellekens,Ronald acquired 114 shares of the business’s stock in a transaction on Monday, September 12th. The shares were acquired 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 business’s stock in a transaction 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).
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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