Vodafone Group plc (VOD) Price Target Cut to GBX 295 by Analysts at Deutsche Bank AG
Vodafone Group plc (LON:VOD) had its price target trimmed by Deutsche Bank AG from GBX 310 ($3.87) to GBX 295 ($3.69) in a research note issued to investors on Wednesday. The firm currently has a buy rating on the cell phone carrier’s stock.
Other equities analysts have also recently issued research reports about the company. Haitong Bank reiterated a neutral rating and issued a GBX 220 ($2.75) price target on shares of Vodafone Group plc in a report on Friday, September 23rd. Credit Suisse Group AG reiterated an outperform rating and issued a GBX 240 ($3.00) price target on shares of Vodafone Group plc in a report on Wednesday, August 10th. JPMorgan Chase & Co. set a GBX 295 ($3.69) price target on Vodafone Group plc and gave the company a buy rating in a report on Wednesday, October 12th. Barclays PLC reiterated an overweight rating and issued a GBX 260 ($3.25) price target on shares of Vodafone Group plc in a report on Wednesday, November 16th. Finally, Independent Research GmbH set a GBX 240 ($3.00) price target on Vodafone Group plc and gave the company a neutral rating in a report on Wednesday, July 27th. 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’s stock. The company has a consensus rating of Hold and a consensus price target of GBX 246.08 ($3.07).
Vodafone Group plc (LON:VOD) opened at 197.95 on Wednesday. Vodafone Group plc has a one year low of GBX 197.00 and a one year high of GBX 240.10. The firm’s market cap is GBX 55.25 billion. The stock has a 50 day moving average price of GBX 217.77 and a 200-day moving average price of GBX 224.00.
In other Vodafone Group plc news, insider Ronald Schellekens purchased 116 shares of Vodafone Group plc stock in a transaction that occurred on Thursday, November 10th. The shares were bought at an average price of GBX 216 ($2.70) per share, for a total transaction of £250.56 ($313.04). Also, insider Schellekens,Ronald purchased 114 shares of Vodafone Group plc stock in a transaction that occurred on Monday, September 12th. The shares were acquired at an average price of GBX 221 ($2.76) per share, for a total transaction of £251.94 ($314.77).
About Vodafone Group plc
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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