Vodafone Group plc (LON:VOD)‘s stock had its “buy” rating reiterated by equities researchers at Goldman Sachs Group, Inc. (The) in a note issued to investors on Monday, July 24th. They presently have a GBX 285 ($3.70) price target on the cell phone carrier’s stock. Goldman Sachs Group, Inc. (The)’s price target points to a potential upside of 30.11% from the company’s current price.
Other research analysts also recently issued research reports about the company. UBS AG set a GBX 270 ($3.51) price target on Vodafone Group plc and gave the stock a “buy” rating in a research note on Wednesday, July 5th. Numis Securities Ltd assumed coverage on Vodafone Group plc in a research note on Friday, July 14th. They set an “add” rating and a GBX 250 ($3.25) price target for the company. HSBC Holdings plc reissued a “hold” rating and issued a GBX 225 ($2.92) target price on shares of Vodafone Group plc in a research note on Wednesday, April 12th. Credit Suisse Group reissued an “outperform” rating and issued a GBX 225 ($2.92) target price on shares of Vodafone Group plc in a research note on Wednesday, May 17th. Finally, Macquarie reissued an “underperform” rating and issued a GBX 219 ($2.84) target price (up previously from GBX 170 ($2.21)) on shares of Vodafone Group plc in a research note on Wednesday, May 17th. Two investment 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’s stock. The company has a consensus rating of “Hold” and an average price target of GBX 245.13 ($3.18).
Shares of Vodafone Group plc (LON:VOD) traded down 0.45% during midday trading on Monday, hitting GBX 219.05. 38,292,141 shares of the stock were exchanged. The firm has a 50-day moving average price of GBX 221.09 and a 200 day moving average price of GBX 212.40. The firm’s market cap is GBX 58.32 billion. Vodafone Group plc has a 12-month low of GBX 186.50 and a 12-month high of GBX 237.55.
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In other Vodafone Group plc news, insider Vivek Badrinath acquired 246,071 shares of Vodafone Group plc stock in a transaction that occurred on Friday, August 4th. The stock was purchased at an average cost of GBX 225 ($2.92) per share, with a total value of £553,659.75 ($718,758.60). Also, insider Nick Read sold 574,525 shares of the stock in a transaction dated Monday, June 26th. The stock was sold at an average price of GBX 224 ($2.91), for a total value of £1,286,936 ($1,670,694.53).
Vodafone Group plc Company Profile
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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