Vodafone Group plc (LON:VOD) had its price objective hoisted by equities research analysts at HSBC Holdings plc from GBX 220 ($2.72) to GBX 225 ($2.78) in a report released on Tuesday. The firm presently has a “hold” rating on the cell phone carrier’s stock. HSBC Holdings plc’s price objective indicates a potential upside of 6.89% from the stock’s previous close.
A number of other equities analysts have also recently issued reports on the stock. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 280 ($3.46) price objective on shares of Vodafone Group plc in a research report on Monday, February 6th. Deutsche Bank AG reiterated a “buy” rating and set a GBX 285 ($3.52) price objective on shares of Vodafone Group plc in a research report on Monday. Barclays PLC reiterated an “overweight” rating and set a GBX 225 ($2.78) price objective on shares of Vodafone Group plc in a research report on Friday, January 6th. Goldman Sachs Group Inc reiterated a “buy” rating and set a GBX 260 ($3.21) price objective on shares of Vodafone Group plc in a research report on Tuesday, January 10th. Finally, Macquarie reiterated a “neutral” rating and set a GBX 180 ($2.22) price objective on shares of Vodafone Group plc in a research report on Monday, January 30th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of GBX 232.41 ($2.87).
Shares of Vodafone Group plc (LON:VOD) opened at 210.90 on Tuesday. The company’s 50 day moving average is GBX 200.30 and its 200-day moving average is GBX 208.62. Vodafone Group plc has a one year low of GBX 186.50 and a one year high of GBX 240.10. The firm’s market capitalization is GBX 58.87 billion.
In related news, insider David Thomas Nish bought 2,910 shares of the business’s stock in a transaction that occurred on Monday, January 23rd. The shares were acquired at an average cost of GBX 205 ($2.53) per share, with a total value of £5,965.50 ($7,367.54). Also, insider Ronald Schellekens sold 400,000 shares of the stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of GBX 201 ($2.48), for a total transaction of £804,000 ($992,960.36). Over the last three months, insiders have purchased 3,152 shares of company stock worth $646,366.
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.