Vodafone Group plc’s (VOD) Buy Rating Reaffirmed at Deutsche Bank AG
Vodafone Group plc (LON:VOD)‘s stock had its “buy” rating reiterated by research analysts at Deutsche Bank AG in a note issued to investors on Monday. They currently have a GBX 300 ($3.87) target price on the cell phone carrier’s stock. Deutsche Bank AG’s price target would indicate a potential upside of 45.31% from the stock’s previous close.
Several other equities research analysts have also commented on the stock. Goldman Sachs Group, Inc. (The) set a GBX 285 ($3.68) price target on shares of Vodafone Group plc and gave the company a “buy” rating in a research note on Monday. J P Morgan Chase & Co restated an “overweight” rating and issued a GBX 275 ($3.55) price target on shares of Vodafone Group plc in a research note on Tuesday, September 12th. Jefferies Group LLC raised their price target on shares of Vodafone Group plc from GBX 232 ($3.00) to GBX 250 ($3.23) and gave the company a “buy” rating in a research note on Monday, September 11th. HSBC Holdings plc set a GBX 230 ($2.97) price target on shares of Vodafone Group plc and gave the company a “neutral” rating in a research note on Thursday, September 7th. Finally, Macquarie restated an “underperform” rating on shares of Vodafone Group plc in a research note on Monday, September 4th. Two 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 stock. Vodafone Group plc presently has an average rating of “Hold” and an average target price of GBX 246.13 ($3.18).
Shares of Vodafone Group plc (VOD) opened at 208.60 on Monday. The firm has a 50-day moving average price of GBX 219.42 and a 200-day moving average price of GBX 215.15. The stock’s market cap is GBX 55.53 billion. Vodafone Group plc has a one year low of GBX 186.50 and a one year high of GBX 233.90.
In other Vodafone Group plc news, insider Nick Read sold 574,525 shares of the firm’s stock in a transaction on Monday, June 26th. The shares were sold at an average price of GBX 224 ($2.89), for a total value of £1,286,936 ($1,662,063.80). Also, insider Vivek Badrinath purchased 246,071 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was bought at an average price of GBX 225 ($2.91) per share, for a total transaction of £553,659.75 ($715,045.52).
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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