Vodafone Group plc (VOD) PT Set at GBX 310 by Deutsche Bank AG
Vodafone Group plc (LON:VOD) has been given a GBX 310 ($4.05) price target by analysts at Deutsche Bank AG in a report released on Thursday. The brokerage currently has a a “buy” rating on the cell phone carrier’s stock. Deutsche Bank AG’s target price would indicate a potential upside of 38.39% from the stock’s previous close.
Several other research analysts have also recently issued reports on the company. Goldman Sachs Group Inc. set a GBX 265 ($3.46) price target on Vodafone Group plc and gave the stock a “neutral” rating in a research note on Thursday. Macquarie decreased their price target on Vodafone Group plc from GBX 225 ($2.94) to GBX 200 ($2.61) and set a “neutral” rating for the company in a research note on Tuesday. Barclays PLC reissued an “overweight” rating and issued a GBX 260 ($3.39) price target on shares of Vodafone Group plc in a research note on Thursday, September 15th. BNP Paribas reissued an “outperform” rating and issued a GBX 265 ($3.46) price target on shares of Vodafone Group plc in a research note on Thursday, September 15th. Finally, Haitong Bank restated a “neutral” rating and issued a GBX 220 ($2.87) price objective on shares of Vodafone Group plc in a report on Thursday, September 15th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and thirteen have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of GBX 246.04 ($3.21).
Vodafone Group plc (LON:VOD) traded down 0.22% during mid-day trading on Thursday, reaching GBX 223.50. The company’s stock had a trading volume of 61,049,933 shares. Vodafone Group plc has a 1-year low of GBX 197.70 and a 1-year high of GBX 240.10. The firm’s market capitalization is GBX 59.36 billion. The firm has a 50-day moving average of GBX 229.15 and a 200 day moving average of GBX 225.02.
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In other news, insider Schellekens,Ronald acquired 114 shares of Vodafone Group plc stock in a transaction on Monday, September 12th. The stock was bought at an average price of GBX 221 ($2.88) per share, for a total transaction of £251.94 ($328.86). Also, 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).
About Vodafone Group plc
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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