Vodafone Group plc’s (VOD) “Outperform” Rating Reaffirmed at Royal Bank Of Canada
Vodafone Group plc (LON:VOD)‘s stock had its “outperform” rating reissued by analysts at Royal Bank Of Canada in a research note issued to investors on Wednesday. They currently have a GBX 280 ($3.50) price target on the cell phone carrier’s stock. Royal Bank Of Canada’s price target would indicate a potential upside of 38.34% from the stock’s current price.
VOD has been the topic of a number of other research reports. Barclays PLC reiterated an “overweight” rating and issued a GBX 265 ($3.31) price objective on shares of Vodafone Group plc in a report on Friday, August 26th. Deutsche Bank AG reiterated a “buy” rating and issued a GBX 310 ($3.87) price objective on shares of Vodafone Group plc in a report on Tuesday, September 6th. Macquarie dropped their price objective on Vodafone Group plc from GBX 225 ($2.81) to GBX 200 ($2.50) and set a “neutral” rating on the stock in a report on Tuesday, September 20th. BNP Paribas reiterated an “outperform” rating and issued a GBX 265 ($3.31) price objective on shares of Vodafone Group plc in a report on Thursday, October 6th. Finally, Goldman Sachs Group Inc. set a GBX 265 ($3.31) price objective on Vodafone Group plc and gave the company a “neutral” rating in a report on Tuesday, October 4th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of GBX 248.17 ($3.10).
Shares of Vodafone Group plc (LON:VOD) opened at 202.744 on Wednesday. The stock has a 50 day moving average price of GBX 220.86 and a 200-day moving average price of GBX 224.68. Vodafone Group plc has a 52-week low of GBX 197.70 and a 52-week high of GBX 240.10. The stock’s market capitalization is GBX 53.85 billion.
In other news, insider Ronald Schellekens acquired 116 shares of Vodafone Group plc stock in a transaction that occurred on Thursday, November 10th. The stock was purchased at an average cost of GBX 216 ($2.70) per share, with a total value of £250.56 ($313.04). Also, insider Schellekens,Ronald acquired 114 shares of Vodafone Group plc stock in a transaction that occurred on Monday, September 12th. The shares were purchased at an average cost of GBX 221 ($2.76) per share, with a total value of £251.94 ($314.77).
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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