Vodafone Group plc (VOD) Rating Reiterated by Societe Generale
Vodafone Group plc (LON:VOD)‘s stock had its “sell” rating reissued by equities researchers at Societe Generale in a report issued on Monday. They currently have a GBX 155 ($2.02) price objective on the cell phone carrier’s stock. Societe Generale’s target price indicates a potential downside of 31.08% from the company’s previous close.
A number of other equities research analysts also recently issued reports on VOD. Beaufort Securities reissued a “buy” rating on shares of Vodafone Group plc in a research report on Monday. Barclays PLC reissued an “overweight” rating and set a GBX 265 ($3.46) price objective on shares of Vodafone Group plc in a research report on Monday, July 25th. Deutsche Bank AG reissued a “buy” rating and set a GBX 300 ($3.92) price objective on shares of Vodafone Group plc in a research report on Wednesday, June 15th. HSBC set a GBX 245 ($3.20) price objective on shares of Vodafone Group plc and gave the company a “buy” rating in a research report on Monday, July 25th. Finally, BNP Paribas reissued an “outperform” rating and set a GBX 265 ($3.46) price objective on shares of Vodafone Group plc in a research report on Thursday, September 15th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of GBX 247.87 ($3.24).
Vodafone Group plc (LON:VOD) traded up 0.72% during midday trading on Monday, reaching GBX 225.16. The company’s stock had a trading volume of 19,263,894 shares. 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 59.80 billion. The firm has a 50 day moving average price of GBX 225.62 and a 200 day moving average price of GBX 225.41.
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In other Vodafone Group plc 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 value of £940,000 ($1,226,993.87). Also, insider Schellekens,Ronald bought 114 shares of the stock in a transaction on Monday, September 12th. The stock was purchased at an average price of GBX 221 ($2.88) per share, with a total value 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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