Vodafone Group plc (VOD) Price Target Cut to GBX 270 by Analysts at HSBC
Vodafone Group plc (LON:VOD) had its price target reduced by HSBC from GBX 280 ($3.65) to GBX 270 ($3.52) in a report released on Sunday, StockTargetPrices.com reports. The firm presently has a “buy” rating on the cell phone carrier’s stock. HSBC’s price objective indicates a potential upside of 20.78% from the company’s previous close.
A number of other research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. set a GBX 300 ($3.92) price objective on shares of Vodafone Group plc and gave the company a “buy” rating in a research note on Monday, July 11th. Goldman Sachs Group Inc. set a GBX 260 ($3.39) price objective on shares of Vodafone Group plc and gave the company a “neutral” rating in a research note on Wednesday, June 29th. Credit Suisse Group AG reissued an “outperform” rating and issued a GBX 240 ($3.13) price objective on shares of Vodafone Group plc in a research note on Wednesday, August 10th. Deutsche Bank AG reissued a “buy” rating on shares of Vodafone Group plc in a research note on Tuesday, September 13th. Finally, BNP Paribas reissued an “outperform” rating and issued a GBX 265 ($3.46) price objective on shares of Vodafone Group plc in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 247.87 ($3.24).
Vodafone Group plc (LON:VOD) opened at 223.55 on Friday. The stock has a 50 day moving average price of GBX 225.62 and a 200-day moving average price of GBX 225.41. The firm’s market cap is GBX 59.37 billion. Vodafone Group plc has a 1-year low of GBX 197.70 and a 1-year high of GBX 240.10.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/09/vodafone-group-plc-vod-price-target-cut-to-gbx-270-by-analysts-at-hsbc.html
In related news, insider Schellekens,Ronald bought 114 shares of Vodafone Group plc stock in a transaction dated Monday, September 12th. The stock was purchased at an average cost of GBX 221 ($2.88) per share, with a total value of £251.94 ($328.86). Also, insider Read,Nick sold 400,000 shares of the stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of GBX 235 ($3.07), for a total transaction 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.
Receive News & Ratings for Vodafone Group plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vodafone Group plc and related companies with MarketBeat.com's FREE daily email newsletter.