HSBC Reiterates “Buy” Rating for Vodafone Group plc (VOD)
Vodafone Group plc (LON:VOD)‘s stock had its “buy” rating reiterated by HSBC in a report released on Wednesday. They currently have a GBX 270 ($3.37) target price on the cell phone carrier’s stock. HSBC’s target price indicates a potential upside of 31.48% from the company’s previous close.
A number of other analysts have also issued reports on VOD. Morgan Stanley reiterated an “overweight” rating and set a GBX 280 ($3.50) price objective on shares of Vodafone Group plc in a research note on Tuesday, July 19th. Deutsche Bank AG lifted their price objective on shares of Vodafone Group plc from GBX 300 ($3.75) to GBX 310 ($3.87) and gave the company a “buy” rating in a research note on Wednesday, July 20th. Societe Generale set a GBX 155 ($1.94) price objective on shares of Vodafone Group plc and gave the company a “sell” rating in a research note on Thursday, July 21st. Haitong Bank reiterated a “neutral” rating and set a GBX 210 ($2.62) price objective on shares of Vodafone Group plc in a research note on Friday, July 22nd. Finally, Goldman Sachs Group Inc. set a GBX 265 ($3.31) price objective on shares of Vodafone Group plc and gave the company a “neutral” rating in a research note on Monday, July 25th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of GBX 247.13 ($3.09).
Shares of Vodafone Group plc (LON:VOD) opened at 205.35 on Wednesday. The company has a 50-day moving average of GBX 219.97 and a 200 day moving average of GBX 224.43. 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 cap is GBX 54.54 billion.
In related news, insider Valerie Gooding bought 16,970 shares of Vodafone Group plc stock in a transaction that occurred on Tuesday, November 15th. The stock was purchased at an average cost of GBX 206 ($2.57) per share, for a total transaction of £34,958.20 ($43,675.91). Also, insider Ronald Schellekens bought 116 shares of Vodafone Group plc stock in a transaction that occurred on Thursday, November 10th. The stock was bought at an average price of GBX 216 ($2.70) per share, with a total value of £250.56 ($313.04).
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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