Vodafone Group plc (VOD) Price Target Lowered to GBX 200 at Macquarie
Vodafone Group plc (LON:VOD) had its price target reduced by Macquarie from GBX 225 ($2.94) to GBX 200 ($2.61) in a research report report published on Tuesday morning. They currently have a neutral rating on the cell phone carrier’s stock.
Other equities research analysts have also recently issued reports about the company. HSBC set a GBX 245 ($3.20) price target on Vodafone Group plc and gave the stock a buy rating in a research note on Monday, July 25th. Goldman Sachs Group Inc. set a GBX 260 ($3.39) price target on Vodafone Group plc and gave the stock a neutral rating in a research note on Wednesday, June 29th. Beaufort Securities reaffirmed a buy rating on shares of Vodafone Group plc in a research note on Monday, June 13th. Barclays PLC upped their price target on Vodafone Group plc from GBX 255 ($3.33) to GBX 265 ($3.46) and gave the stock an overweight rating in a research note on Wednesday, July 13th. Finally, Haitong Bank reaffirmed a neutral rating and issued a GBX 210 ($2.74) price target on shares of Vodafone Group plc in a research note on Tuesday, May 31st. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of GBX 246.04 ($3.21).
Shares of Vodafone Group plc (LON:VOD) opened at 224.25 on Tuesday. Vodafone Group plc has a 1-year low of GBX 197.70 and a 1-year high of GBX 240.10. The company’s market capitalization is GBX 59.56 billion. The stock’s 50 day moving average price is GBX 229.42 and its 200-day moving average price is GBX 225.06.
In other Vodafone Group plc news, insider Colao,Vittario sold 456,201 shares of Vodafone Group plc stock in a transaction on Tuesday, June 28th. The stock was sold at an average price of GBX 212 ($2.77), for a total transaction of £967,146.12 ($1,262,428.04). Also, insider Schellekens,Ronald bought 114 shares of the firm’s stock in a transaction on Monday, September 12th. The shares were purchased at an average cost 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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