Vodafone Group plc (VOD) Stock Rating Reaffirmed by Morgan Stanley
Vodafone Group plc (LON:VOD)‘s stock had its “overweight” rating reaffirmed by analysts at Morgan Stanley in a research note issued on Wednesday, July 26th, Marketbeat reports. They presently have a GBX 270 ($3.52) price objective on the cell phone carrier’s stock. Morgan Stanley’s price target would indicate a potential upside of 19.15% from the stock’s current price.
Other analysts have also issued research reports about the company. Numis Securities Ltd assumed coverage on Vodafone Group plc in a research note on Friday, July 14th. They issued an “add” rating and a GBX 250 ($3.26) price target for the company. Goldman Sachs Group, Inc. (The) raised their price objective on Vodafone Group plc from GBX 270 ($3.52) to GBX 280 ($3.65) and gave the company a “buy” rating in a research report on Monday, May 15th. Jefferies Group LLC set a GBX 232 ($3.02) price target on Vodafone Group plc and gave the company a “buy” rating in a report on Thursday, May 11th. Beaufort Securities upgraded Vodafone Group plc to a “buy” rating and lifted their price objective for the stock from GBX 185 ($2.41) to GBX 260 ($3.39) in a report on Tuesday, May 16th. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a GBX 285 ($3.71) price objective on shares of Vodafone Group plc in a report on Friday, April 28th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of GBX 245.13 ($3.19).
Vodafone Group plc (VOD) opened at 226.40 on Wednesday. The company’s market cap is GBX 60.27 billion. Vodafone Group plc has a one year low of GBX 186.50 and a one year high of GBX 240.10. The firm has a 50-day moving average of GBX 221.23 and a 200-day moving average of GBX 211.13.
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In other Vodafone Group plc news, insider Vivek Badrinath bought 246,071 shares of the company’s stock in a transaction on Friday, August 4th. The shares were bought at an average price of GBX 225 ($2.93) per share, for a total transaction of £553,659.75 ($721,005.01). Also, insider Nick Read sold 574,525 shares of the company’s stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of GBX 224 ($2.92), for a total value of £1,286,936 ($1,675,916.13).
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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