Vodafone Group plc (VOD) Receives “Outperform” Rating from Credit Suisse Group AG
Vodafone Group plc (LON:VOD)‘s stock had its “outperform” rating restated by Credit Suisse Group AG in a report released on Thursday.
Several other research analysts also recently commented on VOD. Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 300 ($3.71) target price on shares of Vodafone Group plc in a report on Wednesday, June 15th. Jefferies Group cut their target price on Vodafone Group plc from GBX 265 ($3.28) to GBX 245 ($3.03) and set a “buy” rating on the stock in a report on Tuesday, June 21st. HSBC raised Vodafone Group plc to a “buy” rating and lifted their target price for the stock from GBX 157 ($1.94) to GBX 175 ($2.17) in a report on Thursday, June 23rd. Independent Research GmbH set a GBX 210 ($2.60) target price on Vodafone Group plc and gave the stock a “neutral” rating in a report on Friday, June 24th. Finally, Citigroup Inc. set a GBX 240 ($2.97) target price on Vodafone Group plc and gave the stock a “buy” rating in a report on Monday, June 27th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 248.30 ($3.07).
Vodafone Group plc (LON:VOD) opened at 223.65 on Thursday. Vodafone Group plc has a 12-month low of GBX 197.70 and a 12-month high of GBX 240.10. The company’s 50 day moving average price is GBX 224.60 and its 200-day moving average price is GBX 225.55. The company’s market capitalization is GBX 59.40 billion.
In other news, insider Schellekens,Ronald bought 114 shares of Vodafone Group plc stock in a transaction that occurred 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). Also, insider Read,Nick sold 400,000 shares of the firm’s stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of GBX 235 ($2.91), for a total value of £940,000 ($1,163,366.34).
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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