Vodafone Group plc (VOD) Price Target Lowered to GBX 190 at Macquarie
Vodafone Group plc (LON:VOD) had its price objective lowered by Macquarie from GBX 200 ($2.50) to GBX 190 ($2.37) in a report issued on Wednesday morning. The firm currently has a neutral rating on the cell phone carrier’s stock.
VOD has been the topic of several other research reports. Credit Suisse Group AG reiterated an outperform rating and issued a GBX 240 ($3.00) price objective on shares of Vodafone Group plc in a report on Wednesday, August 10th. 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. Haitong Bank reiterated a neutral rating and issued a GBX 210 ($2.62) price objective on shares of Vodafone Group plc in a report on Thursday, August 25th. Goldman Sachs Group Inc. set a GBX 265 ($3.31) price objective on Vodafone Group plc and gave the stock a neutral rating in a report on Tuesday, October 4th. Finally, Deutsche Bank AG reiterated a buy rating on shares of Vodafone Group plc in a report on Tuesday, September 13th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of GBX 246.08 ($3.07).
Vodafone Group plc (LON:VOD) opened at 197.9417 on Wednesday. The firm has a 50-day moving average price of GBX 217.77 and a 200 day moving average price of GBX 224.00. The company’s market cap is GBX 55.25 billion. Vodafone Group plc has a one year low of GBX 197.00 and a one year high of GBX 240.10.
In other Vodafone Group plc news, insider Schellekens,Ronald purchased 114 shares of the stock in a transaction that occurred on Monday, September 12th. The stock was purchased at an average price of GBX 221 ($2.76) per share, with a total value of £251.94 ($314.77). Also, insider Valerie Gooding purchased 16,970 shares of the stock in a transaction that occurred on Tuesday, November 15th. The stock was acquired at an average cost of GBX 206 ($2.57) per share, with a total value of £34,958.20 ($43,675.91).
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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