Vodafone Group plc’s (VOD) Neutral Rating Reiterated at Haitong Bank

Vodafone Group plc’s (VOD) Neutral Rating Reiterated at Haitong Bank

Haitong Bank reissued their neutral rating on shares of Vodafone Group plc (LON:VOD) in a research report sent to investors on Thursday. They currently have a GBX 220 ($2.74) price target on the cell phone carrier’s stock.

Other equities research analysts have also recently issued research reports about the company. J P Morgan Chase & Co set a GBX 295 ($3.67) price objective on Vodafone Group plc and gave the stock a buy rating in a report on Wednesday, October 5th. S&P Global Inc. set a GBX 240 ($2.99) price objective on Vodafone Group plc and gave the stock a buy rating in a report on Tuesday, November 15th. Deutsche Bank AG reiterated a buy rating and issued a GBX 310 ($3.86) price objective on shares of Vodafone Group plc in a report on Tuesday, November 15th. Beaufort Securities reiterated a buy rating on shares of Vodafone Group plc in a report on Monday, October 10th. Finally, HSBC Holdings plc dropped their price objective on Vodafone Group plc from GBX 280 ($3.49) to GBX 270 ($3.36) and set a buy rating for the company in a report on Sunday, October 9th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and eleven have issued a buy rating to the company’s stock. Vodafone Group plc presently has a consensus rating of Hold and an average target price of GBX 234.50 ($2.92).

Vodafone Group plc (LON:VOD) opened at 192.45 on Thursday. Vodafone Group plc has a 12 month low of GBX 186.50 and a 12 month high of GBX 240.10. The company’s 50 day moving average price is GBX 202.85 and its 200 day moving average price is GBX 216.77. The stock’s market cap is GBX 53.72 billion.

In other news, insider David Thomas Nish bought 50,000 shares of Vodafone Group plc stock in a transaction dated Thursday, December 8th. The shares were purchased at an average cost of GBX 197 ($2.45) per share, with a total value of £98,500 ($122,695.57). Also, insider Ronald Schellekens bought 116 shares of Vodafone Group plc stock in a transaction dated Thursday, November 10th. The stock was purchased at an average cost of GBX 216 ($2.69) per share, for a total transaction of £250.56 ($312.11). Insiders bought 67,330 shares of company stock worth $13,420,966 over the last ninety days.

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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