HSBC Trims Vodafone Group plc (VOD) Target Price to GBX 270
Vodafone Group plc (LON:VOD) had its price target lowered by research analysts at HSBC from GBX 280 ($3.65) to GBX 270 ($3.52) in a research note issued to investors on Sunday, StockTargetPrices.com reports. The brokerage currently has a “buy” rating on the cell phone carrier’s stock. HSBC’s price objective would suggest a potential upside of 20.78% from the stock’s current price.
VOD has been the topic of a number of other research reports. Barclays PLC restated an “overweight” rating and issued a GBX 265 ($3.46) price target on shares of Vodafone Group plc in a research report on Friday, August 26th. Deutsche Bank AG restated a “buy” rating and issued a GBX 310 ($4.05) price target on shares of Vodafone Group plc in a research report on Tuesday, September 6th. Macquarie dropped their price target on shares of Vodafone Group plc from GBX 225 ($2.94) to GBX 200 ($2.61) and set a “neutral” rating on the stock in a research report on Tuesday, September 20th. BNP Paribas restated an “outperform” rating and issued a GBX 265 ($3.46) price target on shares of Vodafone Group plc in a research report on Thursday, September 15th. Finally, Goldman Sachs Group Inc. set a GBX 265 ($3.46) price target on shares of Vodafone Group plc and gave the stock a “neutral” rating in a research report on Wednesday, September 28th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of GBX 247.87 ($3.24).
Vodafone Group plc (LON:VOD) opened at 223.55 on Friday. The company’s 50-day moving average is GBX 225.62 and its 200 day moving average is GBX 225.41. Vodafone Group plc has a one year low of GBX 197.70 and a one year high of GBX 240.10. The firm’s market cap is GBX 59.37 billion.
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In related news, insider Schellekens,Ronald purchased 114 shares of the firm’s stock in a transaction dated Monday, September 12th. The shares were purchased at an average cost 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 company’s stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of GBX 235 ($3.07), for a total value of £940,000 ($1,226,993.87).
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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