Vodafone Group plc (VOD) Earns “Neutral” Rating from Goldman Sachs Group Inc.
Vodafone Group plc (LON:VOD)‘s stock had its “neutral” rating reissued by stock analysts at Goldman Sachs Group Inc. in a research report issued on Wednesday. They presently have a GBX 275 ($3.40) price target on the cell phone carrier’s stock. Goldman Sachs Group Inc.’s price objective suggests a potential upside of 21.68% from the company’s previous close.
VOD has been the topic of several other reports. Credit Suisse Group AG reiterated an “outperform” rating and issued a GBX 240 ($2.97) price target on shares of Vodafone Group plc in a research note on Wednesday, August 10th. Barclays PLC reissued an “overweight” rating and issued a GBX 265 ($3.28) price objective on shares of Vodafone Group plc in a research report on Friday, August 26th. Citigroup Inc. downgraded shares of Vodafone Group plc to a “neutral” rating and lifted their price objective for the company from GBX 240 ($2.97) to GBX 245 ($3.03) in a research report on Tuesday, July 12th. Haitong Bank reissued a “neutral” rating and issued a GBX 210 ($2.60) price objective on shares of Vodafone Group plc in a research report on Thursday, August 25th. Finally, Deutsche Bank AG reissued a “buy” rating and issued a GBX 300 ($3.71) price objective on shares of Vodafone Group plc in a research report on Friday, June 24th. Two investment 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 currently has a consensus rating of “Hold” and an average target price of GBX 248.30 ($3.07).
Vodafone Group plc (LON:VOD) opened at 225.65 on Wednesday. The stock’s market cap is GBX 59.93 billion. The firm’s 50-day moving average price is GBX 225.10 and its 200 day moving average price is GBX 225.62. Vodafone Group plc has a 52-week low of GBX 197.70 and a 52-week high of GBX 240.10.
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In other Vodafone Group plc news, insider Schellekens,Ronald acquired 114 shares of the stock in a transaction on Monday, September 12th. The shares were purchased at an average price of GBX 221 ($2.74) per share, for a total transaction of £251.94 ($311.81). Also, insider Read,Nick sold 400,000 shares of the company’s stock in a transaction on Friday, July 22nd. The stock was sold at an average price of GBX 235 ($2.91), for a total transaction of £940,000 ($1,163,366.34).
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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