Today: The Vodafone Group plc (VOD) Rating Reiterated by Societe Generale

The Vodafone Group plc (VOD) Rating Reiterated by Societe Generale

Vodafone Group plc (LON:VOD)‘s stock had its “sell” rating reaffirmed by analysts at Societe Generale in a report issued on Monday. They currently have a GBX 155 ($1.92) price target on the cell phone carrier’s stock. Societe Generale’s price objective would indicate a potential downside of 31.42% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. Jefferies Group boosted their target price on Vodafone Group plc from GBX 245 ($3.03) to GBX 260 ($3.22) and gave the stock a “buy” rating in a research report on Wednesday, August 17th. Barclays PLC restated an “overweight” rating and set a GBX 265 ($3.28) target price on shares of Vodafone Group plc in a research report on Monday, July 25th. Goldman Sachs Group Inc. set a GBX 265 ($3.28) target price on Vodafone Group plc and gave the stock a “neutral” rating in a research report on Monday, July 25th. HSBC set a GBX 245 ($3.03) target price on Vodafone Group plc and gave the stock a “buy” rating in a research report on Monday, July 25th. Finally, JPMorgan Chase & Co. set a GBX 300 ($3.71) target price on Vodafone Group plc and gave the stock a “buy” rating in a research report on Monday, July 25th. Two investment 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 price target of GBX 247.87 ($3.07).

Shares of Vodafone Group plc (LON:VOD) opened at 225.7523 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 market cap is GBX 59.96 billion. The stock’s 50 day moving average price is GBX 225.10 and its 200-day moving average price is GBX 225.62.

In other news, insider Read,Nick sold 400,000 shares of the firm’s stock in a transaction on Friday, July 22nd. The stock was sold at an average price of GBX 235 ($2.91), for a total value of £940,000 ($1,163,366.34). Also, insider Schellekens,Ronald purchased 114 shares of the company’s stock in a transaction dated Monday, September 12th. The stock was purchased at an average price of GBX 221 ($2.74) per share, for a total transaction of £251.94 ($311.81).

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