Vodafone Group plc (VOD) PT Set at GBX 230 by HSBC Holdings plc
Vodafone Group plc (LON:VOD) has been assigned a GBX 230 ($2.97) target price by equities research analysts at HSBC Holdings plc in a report released on Thursday. The firm presently has a “neutral” rating on the cell phone carrier’s stock. HSBC Holdings plc’s price objective suggests a potential upside of 7.60% from the stock’s current price.
A number of other equities analysts also recently commented on the company. Goldman Sachs Group, Inc. (The) set a GBX 280 ($3.62) price target on Vodafone Group plc and gave the stock a “buy” rating in a research note on Thursday, May 25th. UBS AG set a GBX 270 ($3.49) target price on Vodafone Group plc and gave the company a “buy” rating in a research note on Wednesday, July 5th. Numis Securities Ltd started coverage on Vodafone Group plc in a research note on Friday, July 14th. They issued an “add” rating and a GBX 250 ($3.23) target price for the company. Barclays PLC reaffirmed an “equal weight” rating and set a GBX 225 ($2.91) price target on shares of Vodafone Group plc in a report on Tuesday, August 15th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a GBX 225 ($2.91) price target on shares of Vodafone Group plc in a report on Wednesday, May 17th. 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 presently has an average rating of “Hold” and an average target price of GBX 245.35 ($3.17).
Vodafone Group plc (LON:VOD) opened at 213.75 on Thursday. The firm’s market capitalization is GBX 56.90 billion. Vodafone Group plc has a 52-week low of GBX 186.50 and a 52-week high of GBX 233.90. The stock’s 50 day moving average price is GBX 220.76 and its 200 day moving average price is GBX 214.76.
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In other Vodafone Group plc news, insider Vivek Badrinath bought 246,071 shares of Vodafone Group plc stock in a transaction on Friday, August 4th. The shares were purchased at an average cost of GBX 225 ($2.91) per share, with a total value of £553,659.75 ($715,045.52). Also, insider Nick Read sold 574,525 shares of the business’s stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of GBX 224 ($2.89), for a total transaction of £1,286,936 ($1,662,063.80).
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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