Vodafone Group plc (VOD) Stock Rating Reaffirmed by Credit Suisse Group AG
Vodafone Group plc (LON:VOD)‘s stock had its “outperform” rating reissued by investment analysts at Credit Suisse Group AG in a note issued to investors on Wednesday. They currently have a GBX 240 ($3.00) target price on the cell phone carrier’s stock. Credit Suisse Group AG’s price target suggests a potential upside of 16.87% from the company’s current price.
A number of other brokerages also recently commented on VOD. Goldman Sachs Group Inc. reaffirmed a “neutral” rating and set a GBX 265 ($3.31) target price on shares of Vodafone Group plc in a research note on Thursday, September 22nd. Haitong Bank reaffirmed a “neutral” rating and set a GBX 210 ($2.62) target price on shares of Vodafone Group plc in a research note on Friday, July 22nd. HSBC reduced their target price on shares of Vodafone Group plc from GBX 280 ($3.50) to GBX 270 ($3.37) and set a “buy” rating on the stock in a research note on Sunday, October 9th. Deutsche Bank AG reissued a “buy” rating and issued a GBX 310 ($3.87) price target on shares of Vodafone Group plc in a research note on Tuesday, July 26th. Finally, Barclays PLC reissued an “overweight” rating and issued a GBX 260 ($3.25) price target on shares of Vodafone Group plc in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the company’s stock. Vodafone Group plc currently has a consensus rating of “Hold” and an average price target of GBX 247.13 ($3.09).
Vodafone Group plc (LON:VOD) opened at 205.35 on Wednesday. The stock’s 50 day moving average price is GBX 219.97 and its 200-day moving average price is 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 company’s market capitalization is GBX 54.54 billion.
In other news, insider Valerie Gooding purchased 16,970 shares of the firm’s stock in a transaction on Tuesday, November 15th. The shares were bought at an average cost of GBX 206 ($2.57) per share, with a total value of £34,958.20 ($43,675.91). Also, insider Ronald Schellekens purchased 116 shares of the firm’s stock in a transaction on Thursday, November 10th. The shares were purchased at an average cost of GBX 216 ($2.70) per share, for a total transaction 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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