Vodafone Group plc (VOD) Given a GBX 230 Price Target by HSBC Holdings plc Analysts
Vodafone Group plc (LON:VOD) has been assigned a GBX 230 ($2.97) price target by analysts at HSBC Holdings plc in a research report issued to clients and investors on Thursday. The firm currently has a “neutral” rating on the cell phone carrier’s stock. HSBC Holdings plc’s price objective indicates a potential upside of 7.60% from the stock’s current price.
A number of other research analysts also recently issued reports on VOD. UBS AG set a GBX 270 ($3.49) target price on shares of Vodafone Group plc and gave the company a “buy” rating in a research report on Wednesday, July 5th. Deutsche Bank AG restated a “buy” rating and set a GBX 300 ($3.87) target price on shares of Vodafone Group plc in a research report on Wednesday, August 9th. Barclays PLC restated an “equal weight” rating and set a GBX 225 ($2.91) target price on shares of Vodafone Group plc in a research report on Tuesday, August 15th. Macquarie restated an “underperform” rating on shares of Vodafone Group plc in a research report on Monday, September 4th. Finally, Credit Suisse Group upped their target price on shares of Vodafone Group plc from GBX 240 ($3.10) to GBX 250 ($3.23) and gave the company an “outperform” rating in a research report on Monday, August 7th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company’s stock. Vodafone Group plc has an average rating of “Hold” and an average price target of GBX 245.35 ($3.17).
Vodafone Group plc (LON VOD) traded down 0.63% during mid-day trading on Thursday, hitting GBX 213.75. 32,243,594 shares of the company were exchanged. The stock’s market cap is GBX 3.38 billion. The company has a 50 day moving average of GBX 220.76 and a 200 day moving average of GBX 214.76. Vodafone Group plc has a 12-month low of GBX 186.50 and a 12-month high of GBX 233.90.
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In related news, insider Nick Read sold 574,525 shares of the firm’s stock in a transaction on Monday, June 26th. The shares were sold at an average price of GBX 224 ($2.89), for a total value of £1,286,936 ($1,662,063.80). Also, insider Vivek Badrinath bought 246,071 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The stock was purchased at an average cost of GBX 225 ($2.91) per share, with a total value of £553,659.75 ($715,045.52).
Vodafone Group plc Company Profile
Vodafone Group Plc (Vodafone) is a telecommunications company. The Company’s business is organized into two geographic regions: Europe, and Africa, Middle East and Asia Pacific (AMAP). Its segments include Europe and AMAP. Its Europe segment includes geographic regions, such as Germany, Italy, the United Kingdom, Spain and Other Europe.
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