HSBC Trims Vodafone Group plc (VOD) Target Price to GBX 270
Vodafone Group plc (LON:VOD) had its target price decreased by research analysts at HSBC from GBX 280 ($3.65) to GBX 270 ($3.52) in a research report issued to clients and investors on Sunday. The firm currently has a “buy” rating on the cell phone carrier’s stock. HSBC’s target price points to a potential upside of 20.78% from the stock’s previous close.
VOD has been the topic of a number of other research reports. Credit Suisse Group AG reiterated an “outperform” rating and set a GBX 240 ($3.13) price objective on shares of Vodafone Group plc in a research note on Wednesday, August 10th. Barclays PLC reiterated an “overweight” rating and set a GBX 265 ($3.46) price objective on shares of Vodafone Group plc in a research note on Friday, August 26th. Citigroup Inc. lowered shares of Vodafone Group plc to a “neutral” rating and raised their price objective for the company from GBX 240 ($3.13) to GBX 245 ($3.20) in a research note on Tuesday, July 12th. Haitong Bank reiterated a “neutral” rating and set a GBX 210 ($2.74) price objective on shares of Vodafone Group plc in a research note on Thursday, August 25th. Finally, Deutsche Bank AG restated a “buy” rating and issued a GBX 300 ($3.92) price target on shares of Vodafone Group plc in a research report on Friday, June 24th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the stock. Vodafone Group plc currently has a consensus rating of “Hold” and an average target price of GBX 247.87 ($3.24).
Shares of Vodafone Group plc (LON:VOD) opened at 223.55 on Friday. The firm’s market capitalization is GBX 59.37 billion. 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 12-month low of GBX 197.70 and a 12-month high of GBX 240.10.
In other Vodafone Group plc news, insider Schellekens,Ronald bought 114 shares of the firm’s stock in a transaction dated Monday, September 12th. The shares were acquired at an average cost 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 Vodafone Group plc stock in a transaction dated 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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