Vodafone Group plc’s (VOD) “Neutral” Rating Reiterated at Haitong Bank
Vodafone Group plc (LON:VOD)‘s stock had its “neutral” rating restated by stock analysts at Haitong Bank in a research report issued on Tuesday. They presently have a GBX 220 ($2.75) price objective on the cell phone carrier’s stock. Haitong Bank’s target price indicates a potential upside of 8.83% from the stock’s current price.
A number of other brokerages also recently issued reports on VOD. Goldman Sachs Group Inc. reiterated a “neutral” rating and set a GBX 265 ($3.31) price target on shares of Vodafone Group plc in a research report on Thursday, September 22nd. HSBC dropped their price target on Vodafone Group plc from GBX 280 ($3.50) to GBX 270 ($3.37) and set a “buy” rating for the company in a research report on Sunday, October 9th. Deutsche Bank AG reiterated a “buy” rating and set a GBX 310 ($3.87) price target on shares of Vodafone Group plc in a research report on Tuesday, July 26th. Barclays PLC reiterated an “overweight” rating and set a GBX 260 ($3.25) price target on shares of Vodafone Group plc in a research report on Wednesday, November 16th. Finally, JPMorgan Chase & Co. dropped their price target on Vodafone Group plc from GBX 295 ($3.69) to GBX 285 ($3.56) and set an “overweight” rating for the company in a research report on Wednesday, November 16th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have assigned a buy rating to the company’s stock. Vodafone Group plc currently has a consensus rating of “Hold” and a consensus price target of GBX 247.13 ($3.09).
Shares of Vodafone Group plc (LON:VOD) opened at 199.77 on Tuesday. Vodafone Group plc has a one year low of GBX 197.70 and a one year high of GBX 240.10. The company’s market capitalization is GBX 53.06 billion. The company has a 50-day moving average price of GBX 218.85 and a 200 day moving average price of GBX 224.24.
In related news, insider Schellekens,Ronald purchased 114 shares of Vodafone Group plc stock in a transaction on Monday, September 12th. The stock was acquired at an average price of GBX 221 ($2.76) per share, for a total transaction of £251.94 ($314.77). Also, insider Valerie Gooding purchased 16,970 shares of Vodafone Group plc stock in a transaction on Tuesday, November 15th. The stock was bought at an average price of GBX 206 ($2.57) per share, with a total value of £34,958.20 ($43,675.91).
Vodafone Group plc Company Profile
Vodafone Group Plc (Vodafone) is a telecommunications company. The Company’s business is organized into two geographic regions: Europe, and Africa, Middle East and Asia Pacific (AMAP). Its segments include Europe and AMAP. Its Europe segment includes geographic regions, such as Germany, Italy, the United Kingdom, Spain and Other Europe.
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