Goldman Sachs Group Inc. Analysts Give Vodafone Group plc (VOD) a GBX 265 Price Target
Vodafone Group plc (LON:VOD) has been given a GBX 265 ($3.46) price objective by equities researchers at Goldman Sachs Group Inc. in a report released on Thursday. The firm currently has a a “neutral” rating on the cell phone carrier’s stock. Goldman Sachs Group Inc.’s price target suggests a potential upside of 18.30% from the stock’s previous close.
A number of other research analysts have also weighed in on the company. Macquarie dropped their price objective on Vodafone Group plc from GBX 225 ($2.94) to GBX 200 ($2.61) and set a “neutral” rating on the stock in a report on Tuesday. Barclays PLC reaffirmed an “overweight” rating and set a GBX 260 ($3.39) price objective on shares of Vodafone Group plc in a report on Thursday, September 15th. BNP Paribas reaffirmed an “outperform” rating and set a GBX 265 ($3.46) price objective on shares of Vodafone Group plc in a report on Thursday, September 15th. Haitong Bank reissued a “neutral” rating and issued a GBX 220 ($2.87) target price on shares of Vodafone Group plc in a report on Thursday, September 15th. Finally, Deutsche Bank AG reissued a “buy” rating on shares of Vodafone Group plc in a report on Tuesday, September 13th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of GBX 246.04 ($3.21).
Shares of Vodafone Group plc (LON:VOD) opened at 225.228 on Thursday. Vodafone Group plc has a 12 month low of GBX 197.70 and a 12 month high of GBX 240.10. The firm’s market capitalization is GBX 59.82 billion. The company’s 50 day moving average price is GBX 229.15 and its 200-day moving average price is GBX 225.02.
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In related news, insider Read,Nick sold 400,000 shares of the firm’s stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of GBX 235 ($3.07), for a total value of £940,000 ($1,226,993.87). Also, insider Colao,Vittario sold 456,201 shares of the firm’s stock in a transaction that occurred on Tuesday, June 28th. The stock was sold at an average price of GBX 212 ($2.77), for a total value of £967,146.12 ($1,262,428.04).
Vodafone Group plc Company Profile
Vodafone Group Plc (Vodafone) is a mobile communications company which provides services to mobile voice, messaging, data and fixed line. The Company’s money transfer service, M-Pesa, enables people in emerging markets, to send and receive money through a mobile phone. The Company also has products such as international money transfer, savings and loans, salary disbursements and access to insurance products in different markets.
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