Vodafone Group plc’s (VOD) “Underperform” Rating Reiterated at Macquarie
Vodafone Group plc (LON:VOD)‘s stock had its “underperform” rating restated by research analysts at Macquarie in a report issued on Tuesday. They currently have a GBX 170 ($2.10) price target on the cell phone carrier’s stock. Macquarie’s target price indicates a potential downside of 19.24% from the stock’s previous close.
Several other equities research analysts also recently commented on VOD. Sanford C. Bernstein set a GBX 255 ($3.15) price objective on Vodafone Group plc and gave the company a “neutral” rating in a report on Thursday, February 2nd. Beaufort Securities downgraded Vodafone Group plc to a “hold” rating and set a GBX 185 ($2.28) price objective for the company. in a report on Friday, February 3rd. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 280 ($3.46) price objective on shares of Vodafone Group plc in a report on Tuesday, February 21st. AlphaValue reissued a “buy” rating and issued a GBX 242 ($2.99) price objective on shares of Vodafone Group plc in a report on Friday, February 3rd. Finally, Deutsche Bank AG reissued a “buy” rating and issued a GBX 285 ($3.52) price objective on shares of Vodafone Group plc in a report on Friday, February 3rd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Vodafone Group plc has a consensus rating of “Hold” and a consensus price target of GBX 232.18 ($2.87).
Vodafone Group plc (LON:VOD) opened at 211.02 on Tuesday. Vodafone Group plc has a 52-week low of GBX 186.50 and a 52-week high of GBX 240.10. The company’s market cap is GBX 58.90 billion. The firm’s 50-day moving average price is GBX 200.30 and its 200 day moving average price is GBX 208.62.
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In other news, insider David Thomas Nish purchased 2,910 shares of the business’s stock in a transaction dated Monday, January 23rd. The shares were purchased at an average cost of GBX 205 ($2.53) per share, with a total value of £5,965.50 ($7,367.54). Also, insider Ronald Schellekens sold 400,000 shares of Vodafone Group plc stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of GBX 201 ($2.48), for a total value of £804,000 ($992,960.36). Insiders have bought 3,152 shares of company stock worth $646,366 over the last three months.
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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