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Investment analysts at Goldman Sachs cut their price objective on shares of Vodafone Group plc (LON:VOD) from GBX 240 ($4.10) to GBX 230 ($3.93) in a note issued to investors on Monday. The firm currently has a “neutral” rating on the stock. Goldman Sachs’ price target indicates a potential upside of 18.31% from the stock’s previous close.

Vodafone Group plc (LON:VOD) traded down 0.44% on Monday, hitting GBX 194.40. The stock had a trading volume of 28,791,260 shares. Vodafone Group plc has a 52 week low of GBX 187.25 and a 52 week high of GBX 267.00. The stock has a 50-day moving average of GBX 196.7 and a 200-day moving average of GBX 232.5. The company’s market cap is £51.399 billion.

Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Vodafone Group plc in a research note on Friday. They now have a GBX 220 ($3.76) price target on the stock. Separately, analysts at HSBC reiterated an “overweight” rating on shares of Vodafone Group plc in a research note on Tuesday, July 15th. They now have a GBX 265 ($4.53) price target on the stock. Finally, analysts at Berenberg Bank reiterated a “hold” rating on shares of Vodafone Group plc in a research note on Monday, July 14th. They now have a GBX 214 ($3.66) price target on the stock. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of GBX 227.50 ($3.89).

Vodafone Group Plc (LON:VOD) is a mobile communications company.

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