Vodafone Group plc (VOD) PT Raised to GBX 250 at Credit Suisse Group
Vodafone Group plc (LON:VOD) had its target price increased by investment analysts at Credit Suisse Group from GBX 240 ($3.13) to GBX 250 ($3.26) in a report released on Monday. The firm presently has an “outperform” rating on the cell phone carrier’s stock. Credit Suisse Group’s price objective would suggest a potential upside of 10.89% from the company’s current price.
Several other research analysts also recently weighed in on VOD. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a GBX 285 ($3.71) target price on shares of Vodafone Group plc in a report on Monday, July 24th. S&P Global set a GBX 230 ($3.00) target price on shares of Vodafone Group plc and gave the stock a “neutral” rating in a report on Saturday, May 20th. Sanford C. Bernstein set a GBX 255 ($3.32) target price on shares of Vodafone Group plc and gave the stock a “neutral” rating in a report on Tuesday, May 16th. BNP Paribas upped their target price on shares of Vodafone Group plc from GBX 225 ($2.93) to GBX 235 ($3.06) and gave the stock a “neutral” rating in a report on Thursday, May 18th. Finally, J P Morgan Chase & Co dropped their target price on shares of Vodafone Group plc from GBX 280 ($3.65) to GBX 275 ($3.58) and set an “overweight” rating for the company in a report on Wednesday, May 17th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 245.13 ($3.19).
Vodafone Group plc (LON:VOD) opened at 225.35 on Monday. The firm’s 50-day moving average price is GBX 221.34 and its 200 day moving average price is GBX 211.27. Vodafone Group plc has a one year low of GBX 186.50 and a one year high of GBX 240.10. The company’s market capitalization is GBX 59.99 billion.
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In other Vodafone Group plc news, insider Nick Read sold 574,525 shares of the firm’s stock in a transaction on Monday, June 26th. The shares were sold at an average price of GBX 224 ($2.92), for a total value of £1,286,936 ($1,675,916.13). Also, insider Vivek Badrinath purchased 246,071 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was bought at an average cost of GBX 225 ($2.93) per share, with a total value of £553,659.75 ($721,005.01).
Vodafone Group plc Company Profile
Vodafone Group Plc (Vodafone) is a telecommunications company. The Company’s business is organized into two geographic regions: Europe, and Africa, Middle East and Asia Pacific (AMAP). Its segments include Europe and AMAP. Its Europe segment includes geographic regions, such as Germany, Italy, the United Kingdom, Spain and Other Europe.
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