Goldman Sachs Lowers Vodafone Group Plc Price Target to $37.00 (VOD)
Analysts at Goldman Sachs reduced their target price on shares of Vodafone Group Plc (NYSE:VOD) to $37.00 in a research report issued to clients and investors on Tuesday. Goldman Sachs’ price objective points to a potential upside of 1.90% from the company’s current price.
A number of other firms have also recently commented on VOD. Analysts at Berenberg Bank reiterated a “buy” rating on shares of Vodafone Group Plc in a research note on Monday. Separately, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Vodafone Group Plc in a research note on Tuesday, May 6th. Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of Vodafone Group Plc in a research note on Wednesday, April 30th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and thirteen have issued a buy rating to the stock. Vodafone Group Plc has an average rating of “Hold” and a consensus target price of $77.50.
Shares of Vodafone Group Plc (NYSE:VOD) opened at 36.31 on Tuesday. Vodafone Group Plc has a 52-week low of $27.5433 and a 52-week high of $42.14. The stock’s 50-day moving average is $36.72 and its 200-day moving average is $37.. The company has a market cap of $96.255 billion and a P/E ratio of 2.85. Vodafone Group Plc also saw some unusual options trading activity on Monday. Traders acquired 13,435 call options on the company. This represents an increase of 226% compared to the typical daily volume of 4,115 call options.
Vodafone Group Plc (NYSE:VOD), is a mobile communications company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.