Trade Report: Today, Deutsche Bank AG Downgraded Vodafone Group plc (VOD) Price Target to GBX 295

Today, Deutsche Bank AG Downgraded Vodafone Group plc (VOD) Price Target to GBX 295

Vodafone Group plc (LON:VOD) had its price target decreased by investment analysts at Deutsche Bank AG from GBX 310 ($3.87) to GBX 295 ($3.69) in a report issued on Wednesday. The brokerage currently has a “buy” rating on the cell phone carrier’s stock. Deutsche Bank AG’s target price suggests a potential upside of 47.94% from the company’s current price.

Other equities research analysts have also recently issued research reports about the stock. Haitong Bank restated a “neutral” rating and issued a GBX 220 ($2.75) price target on shares of Vodafone Group plc in a research report on Friday, September 23rd. Credit Suisse Group AG restated an “outperform” rating and issued a GBX 240 ($3.00) price target on shares of Vodafone Group plc in a research report on Wednesday, August 10th. JPMorgan Chase & Co. set a GBX 295 ($3.69) price target on shares of Vodafone Group plc and gave the stock a “buy” rating in a research report on Wednesday, October 12th. Barclays PLC restated an “overweight” rating and issued a GBX 260 ($3.25) price target on shares of Vodafone Group plc in a research report on Wednesday, November 16th. Finally, Independent Research GmbH set a GBX 240 ($3.00) price target on shares of Vodafone Group plc and gave the stock a “neutral” rating in a research report on Wednesday, July 27th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 246.08 ($3.07).

Vodafone Group plc (LON:VOD) opened at 199.40 on Wednesday. The company’s market capitalization is GBX 55.66 billion. The firm has a 50-day moving average of GBX 217.00 and a 200 day moving average of GBX 223.83. Vodafone Group plc has a one year low of GBX 197.00 and a one year high of GBX 240.10.

In other news, insider Schellekens,Ronald acquired 114 shares of Vodafone Group plc stock in a transaction that occurred on Monday, September 12th. The stock was purchased at an average cost of GBX 221 ($2.76) per share, with a total value of £251.94 ($314.77). Also, insider Valerie Gooding acquired 16,970 shares of Vodafone Group plc stock in a transaction that occurred on Tuesday, November 15th. The stock was purchased at an average cost of GBX 206 ($2.57) per share, with a total value of £34,958.20 ($43,675.91).

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