Vodafone Group plc (LON:VOD)‘s stock had its “buy” rating reissued by equities researchers at Goldman Sachs Group, Inc. (The) in a report released on Tuesday. They presently have a GBX 285 ($3.84) target price on the cell phone carrier’s stock. Goldman Sachs Group, Inc. (The)’s target price suggests a potential upside of 36.33% from the stock’s previous close.
Several other equities research analysts have also issued reports on the stock. Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 285 ($3.84) price target on shares of Vodafone Group plc in a report on Wednesday, May 17th. Beaufort Securities raised shares of Vodafone Group plc to a “buy” rating and lifted their price target for the company from GBX 185 ($2.49) to GBX 260 ($3.51) in a report on Tuesday, May 16th. Macquarie reaffirmed an “underperform” rating and set a GBX 219 ($2.95) price target (up from GBX 170 ($2.29)) on shares of Vodafone Group plc in a report on Wednesday, May 17th. J P Morgan Chase & Co decreased their price target on shares of Vodafone Group plc from GBX 280 ($3.78) to GBX 275 ($3.71) and set an “overweight” rating on the stock in a report on Wednesday, May 17th. Finally, Credit Suisse Group reaffirmed an “outperform” rating on shares of Vodafone Group plc in a report on Friday, July 21st. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 246.13 ($3.32).
Shares of Vodafone Group plc (LON:VOD) traded up 1.26% during trading on Tuesday, reaching GBX 209.05. 53,230,493 shares of the company traded hands. Vodafone Group plc has a 12-month low of GBX 186.50 and a 12-month high of GBX 233.90. The company has a 50 day moving average price of GBX 219.01 and a 200 day moving average price of GBX 215.39. The firm’s market capitalization is GBX 55.65 billion.
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In other Vodafone Group plc news, insider Nick Read sold 574,525 shares of the business’s stock in a transaction on Monday, June 26th. The shares were sold at an average price of GBX 224 ($3.02), for a total transaction of £1,286,936 ($1,735,116.62). Also, insider Vivek Badrinath purchased 246,071 shares of the firm’s stock in a transaction on Friday, August 4th. The shares were acquired at an average price of GBX 225 ($3.03) per share, with a total value of £553,659.75 ($746,473.98).
About Vodafone Group plc
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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