Vodafone Group plc (VOD) PT Lowered to GBX 270 at HSBC
Vodafone Group plc (LON:VOD) had its price objective trimmed by HSBC from GBX 280 ($3.65) to GBX 270 ($3.52) in a research note released on Sunday morning, StockTargetPrices.com reports. The brokerage currently has a buy rating on the cell phone carrier’s stock.
A number of other research analysts also recently weighed in on VOD. Barclays PLC reissued an overweight rating and issued a GBX 265 ($3.46) price objective on shares of Vodafone Group plc in a research note on Monday, July 25th. Deutsche Bank AG reissued a buy rating and issued a GBX 300 ($3.92) price objective on shares of Vodafone Group plc in a research note on Wednesday, June 15th. BNP Paribas reissued an outperform rating and issued a GBX 265 ($3.46) price objective on shares of Vodafone Group plc in a research note on Thursday, September 15th. Macquarie downgraded Vodafone Group plc to a neutral rating and cut their price objective for the company from GBX 235 ($3.07) to GBX 225 ($2.94) in a research note on Monday, June 13th. Finally, Morgan Stanley reissued an overweight rating and issued a GBX 280 ($3.65) price objective on shares of Vodafone Group plc in a research note on Tuesday, July 19th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of GBX 247.87 ($3.24).
Shares of Vodafone Group plc (LON:VOD) opened at 223.55 on Friday. The firm’s market capitalization is GBX 59.37 billion. Vodafone Group plc has a 52-week low of GBX 197.70 and a 52-week high of GBX 240.10. The company’s 50 day moving average price is GBX 225.62 and its 200 day moving average price is GBX 225.41.
In other news, insider Read,Nick sold 400,000 shares of the company’s stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of GBX 235 ($3.07), for a total transaction of £940,000 ($1,226,993.87). Also, insider Schellekens,Ronald acquired 114 shares of Vodafone Group plc stock in a transaction dated 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).
Vodafone Group plc Company Profile
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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