Vodafone Group plc (VOD) Receives “Overweight” Rating from Barclays PLC
Vodafone Group plc (LON:VOD)‘s stock had its “overweight” rating restated by equities research analysts at Barclays PLC in a report issued on Tuesday. They presently have a GBX 260 ($3.39) price target on the cell phone carrier’s stock. Barclays PLC’s price objective suggests a potential upside of 16.31% from the stock’s previous close.
VOD has been the topic of a number of other reports. Credit Suisse Group AG reissued an “outperform” rating and set a GBX 240 ($3.13) target price on shares of Vodafone Group plc in a report on Wednesday, August 10th. Citigroup Inc. cut shares of Vodafone Group plc to a “neutral” rating and increased their target price for the stock from GBX 240 ($3.13) to GBX 245 ($3.20) in a report on Tuesday, July 12th. Haitong Bank reissued a “neutral” rating and set a GBX 210 ($2.74) target price on shares of Vodafone Group plc in a report on Thursday, August 25th. Deutsche Bank AG reissued a “buy” rating and set a GBX 300 ($3.92) target price on shares of Vodafone Group plc in a report on Friday, June 24th. Finally, Goldman Sachs Group Inc. set a GBX 265 ($3.46) target price on shares of Vodafone Group plc and gave the stock a “neutral” rating in a report on Tuesday, October 4th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 247.87 ($3.24).
Vodafone Group plc (LON:VOD) traded up 0.47% during mid-day trading on Tuesday, reaching GBX 223.53. 60,423,231 shares of the company were exchanged. Vodafone Group plc has a 12 month low of GBX 197.70 and a 12 month high of GBX 240.10. The stock’s market capitalization is GBX 1887.81 billion. The company’s 50 day moving average price is GBX 225.62 and its 200-day moving average price is GBX 225.41.
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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 shares were sold at an average price of GBX 235 ($3.07), for a total transaction of £940,000 ($1,226,993.87). Also, insider Schellekens,Ronald acquired 114 shares of the business’s stock in a transaction that occurred on Monday, September 12th. The shares were acquired at an average cost of GBX 221 ($2.88) per share, for a total transaction of £251.94 ($328.86).
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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