Vodafone Group plc (VOD) Stock Rating Reaffirmed by Citigroup Inc.
Vodafone Group plc (LON:VOD)‘s stock had its “neutral” rating reiterated by research analysts at Citigroup Inc. in a research report issued to clients and investors on Wednesday. They presently have a GBX 220 ($2.75) price target on the cell phone carrier’s stock. Citigroup Inc.’s price target would suggest a potential upside of 8.70% from the stock’s previous close.
A number of other equities analysts also recently commented on the stock. Barclays PLC restated an “overweight” rating and set a GBX 260 ($3.25) price objective on shares of Vodafone Group plc in a research note on Wednesday. Deutsche Bank AG restated a “buy” rating and set a GBX 310 ($3.87) price objective on shares of Vodafone Group plc in a research note on Tuesday. Royal Bank Of Canada restated an “outperform” rating and set a GBX 280 ($3.50) price objective on shares of Vodafone Group plc in a research note on Wednesday. Credit Suisse Group AG restated an “outperform” rating and set a GBX 240 ($3.00) price objective on shares of Vodafone Group plc in a research note on Thursday, October 13th. Finally, Goldman Sachs Group Inc. restated a “neutral” rating and set a GBX 265 ($3.31) price objective on shares of Vodafone Group plc in a research note on Thursday, September 22nd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have assigned a buy rating to the company. Vodafone Group plc currently has a consensus rating of “Hold” and an average price target of GBX 247.13 ($3.09).
Shares of Vodafone Group plc (LON:VOD) opened at 202.10 on Wednesday. Vodafone Group plc has a 52-week low of GBX 197.70 and a 52-week high of GBX 240.10. The firm’s market capitalization is GBX 53.67 billion. The company’s 50-day moving average price is GBX 220.86 and its 200-day moving average price is GBX 224.68.
In related news, insider Schellekens,Ronald acquired 114 shares of the stock in a transaction on Monday, September 12th. The shares were acquired at an average price of GBX 221 ($2.76) per share, with a total value of £251.94 ($314.77). Also, insider Valerie Gooding acquired 16,970 shares of the stock in a transaction on Tuesday, November 15th. The stock was bought at an average cost of GBX 206 ($2.57) per share, for a total transaction of £34,958.20 ($43,675.91).
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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