Vodafone Group plc (VOD) Given “Buy” Rating at Deutsche Bank AG
Vodafone Group plc (LON:VOD)‘s stock had its “buy” rating restated by stock analysts at Deutsche Bank AG in a research report issued on Tuesday, StockTargetPrices.com reports. They presently have a GBX 310 ($3.84) price target on the cell phone carrier’s stock. Deutsche Bank AG’s price target indicates a potential upside of 37.75% from the stock’s current price.
A number of other equities research analysts have also recently issued reports on the company. Morgan Stanley set a GBX 280 ($3.47) price objective on Vodafone Group plc and gave the stock a “buy” rating in a report on Monday, July 25th. JPMorgan Chase & Co. set a GBX 300 ($3.71) price objective on Vodafone Group plc and gave the stock a “buy” rating in a report on Monday, July 25th. Barclays PLC restated an “overweight” rating and set a GBX 265 ($3.28) price objective on shares of Vodafone Group plc in a report on Monday, July 25th. Goldman Sachs Group Inc. set a GBX 265 ($3.28) price objective on Vodafone Group plc and gave the stock a “neutral” rating in a report on Monday, July 25th. Finally, HSBC set a GBX 245 ($3.03) price objective on Vodafone Group plc and gave the stock a “buy” rating in a report on Monday, July 25th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the company. Vodafone Group plc presently has a consensus rating of “Hold” and a consensus price target of GBX 248.30 ($3.07).
Vodafone Group plc (LON:VOD) traded up 0.5136% during midday trading on Tuesday, reaching GBX 225.6217. The company had a trading volume of 55,919,248 shares. The stock’s 50 day moving average is GBX 224.30 and its 200 day moving average is GBX 225.59. The company’s market capitalization is GBX 59.92 billion. Vodafone Group plc has a one year low of GBX 197.70 and a one year high of GBX 240.10.
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In related news, insider Read,Nick sold 400,000 shares of the firm’s stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of GBX 235 ($2.91), for a total value of £940,000 ($1,163,366.34). Also, insider Schellekens,Ronald purchased 114 shares of the company’s stock in a transaction that occurred on Monday, September 12th. The stock was acquired at an average cost of GBX 221 ($2.74) per share, for a total transaction of £251.94 ($311.81).
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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