Vodafone Group plc (LON:VOD) had its price target reduced by HSBC from GBX 280 ($3.65) to GBX 270 ($3.52) in a report released on Sunday, StockTargetPrices.com reports. The firm presently has a “buy” rating on the cell phone carrier’s stock. HSBC’s price objective indicates a potential upside of 20.78% from the company’s previous close.
A number of other research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. set a GBX 300 ($3.92) price objective on shares of Vodafone Group plc and gave the company a “buy” rating in a research note on Monday, July 11th. Goldman Sachs Group Inc. set a GBX 260 ($3.39) price objective on shares of Vodafone Group plc and gave the company a “neutral” rating in a research note on Wednesday, June 29th. Credit Suisse Group AG reissued an “outperform” rating and issued a GBX 240 ($3.13) price objective on shares of Vodafone Group plc in a research note on Wednesday, August 10th. Deutsche Bank AG reissued a “buy” rating on shares of Vodafone Group plc in a research note on Tuesday, September 13th. Finally, BNP Paribas reissued an “outperform” rating and issued a GBX 265 ($3.46) price objective on shares of Vodafone Group plc in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 247.87 ($3.24).
Vodafone Group plc (LON:VOD) opened at 223.55 on Friday. The stock has a 50 day moving average price of GBX 225.62 and a 200-day moving average price of GBX 225.41. The firm’s market cap is GBX 59.37 billion. Vodafone Group plc has a 1-year low of GBX 197.70 and a 1-year high of GBX 240.10.
In related news, insider Schellekens,Ronald bought 114 shares of Vodafone Group plc stock in a transaction dated Monday, September 12th. The stock was purchased at an average cost of GBX 221 ($2.88) per share, with a total value of £251.94 ($328.86). Also, insider Read,Nick sold 400,000 shares of the stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of GBX 235 ($3.07), for a total transaction of £940,000 ($1,226,993.87).
Vodafone Group plc Company Profile