Beaufort Securities Reaffirms “Buy” Rating for Vodafone Group plc (VOD)
Several other brokerages also recently issued reports on VOD. Goldman Sachs Group Inc. reissued a neutral rating and set a GBX 265 ($3.28) price objective on shares of Vodafone Group plc in a research report on Thursday, September 22nd. Haitong Bank reissued a neutral rating and set a GBX 210 ($2.60) price objective on shares of Vodafone Group plc in a research report on Friday, July 22nd. HSBC lowered their price objective on shares of Vodafone Group plc from GBX 280 ($3.47) to GBX 270 ($3.34) and set a buy rating on the stock in a research report on Sunday. Credit Suisse Group AG reissued an outperform rating and set a GBX 240 ($2.97) price objective on shares of Vodafone Group plc in a research report on Wednesday, July 13th. Finally, Deutsche Bank AG restated a buy rating and issued a GBX 310 ($3.84) target price on shares of Vodafone Group plc in a research note on Tuesday, July 26th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of GBX 248.30 ($3.07).
Shares of Vodafone Group plc (LON:VOD) opened at 223.65 on Monday. 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 is GBX 224.60 and its 200 day moving average is GBX 225.55. The stock’s market cap is GBX 59.40 billion.
In other Vodafone Group plc news, insider Read,Nick sold 400,000 shares of the business’s stock in a transaction on Friday, July 22nd. The shares were sold at an average price of GBX 235 ($2.91), for a total transaction of £940,000 ($1,163,366.34). Also, insider Schellekens,Ronald bought 114 shares of the stock in a transaction on Monday, September 12th. The shares were acquired at an average price of GBX 221 ($2.74) per share, with a total value of £251.94 ($311.81).
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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