Vodafone Group plc (VOD) Rating Reiterated by Haitong Bank
Vodafone Group plc (LON:VOD)‘s stock had its “neutral” rating reissued by investment analysts at Haitong Bank in a report released on Friday. They presently have a GBX 220 ($2.87) price target on the cell phone carrier’s stock. Haitong Bank’s target price would suggest a potential downside of 1.57% from the stock’s previous close.
VOD has been the topic of several other reports. Deutsche Bank AG set a GBX 310 ($4.05) target price on shares of Vodafone Group plc and gave the stock a “buy” rating in a research note on Thursday. Goldman Sachs Group Inc. set a GBX 265 ($3.46) target price on shares of Vodafone Group plc and gave the stock a “neutral” rating in a research note on Thursday. Macquarie cut their target price on shares of Vodafone Group plc from GBX 225 ($2.94) to GBX 200 ($2.61) and set a “neutral” rating on the stock in a research note on Tuesday. Barclays PLC reaffirmed an “overweight” rating and set a GBX 260 ($3.39) target price on shares of Vodafone Group plc in a research note on Thursday, September 15th. Finally, BNP Paribas reaffirmed an “outperform” rating and set a GBX 265 ($3.46) target price on shares of Vodafone Group plc in a research note on Thursday, September 15th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Vodafone Group plc currently has a consensus rating of “Hold” and a consensus price target of GBX 246.04 ($3.21).
Shares of Vodafone Group plc (LON:VOD) opened at 220.30 on Friday. The stock’s 50 day moving average is GBX 229.06 and its 200 day moving average is GBX 225.01. The firm’s market capitalization is GBX 58.51 billion. Vodafone Group plc has a 1-year low of GBX 197.70 and a 1-year high of GBX 240.10.
In other news, insider Schellekens,Ronald purchased 114 shares of the firm’s stock in a transaction on Monday, September 12th. The shares were bought at an average cost of GBX 221 ($2.88) per share, with a total value of £251.94 ($328.86). Also, insider Colao,Vittario sold 456,201 shares of the firm’s stock in a transaction dated 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).
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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