Vodafone Group plc’s (LON:VOD) “Equal weight” Rating Reaffirmed at Barclays PLC
Vodafone Group plc (LON:VOD)‘s stock had its “equal weight” rating reaffirmed by investment analysts at Barclays PLC in a research note issued to investors on Tuesday. They presently have a GBX 225 ($2.92) price objective on the cell phone carrier’s stock. Barclays PLC’s price target indicates a potential upside of 1.31% from the stock’s previous close.
A number of other research analysts also recently issued reports on VOD. UBS AG set a GBX 270 ($3.51) price target on shares of Vodafone Group plc and gave the stock a “buy” rating in a research note on Wednesday, July 5th. Deutsche Bank AG reiterated a “buy” rating and issued a GBX 300 ($3.89) price target on shares of Vodafone Group plc in a research note on Wednesday, August 9th. Credit Suisse Group lifted their price target on shares of Vodafone Group plc from GBX 240 ($3.12) to GBX 250 ($3.25) and gave the stock an “outperform” rating in a research note on Monday, August 7th. Berenberg Bank lifted their price target on shares of Vodafone Group plc from GBX 250 ($3.25) to GBX 259 ($3.36) and gave the stock a “buy” rating in a research note on Monday, June 12th. Finally, HSBC Holdings plc reiterated a “hold” rating and issued a GBX 225 ($2.92) price target on shares of Vodafone Group plc in a research note on Tuesday, July 25th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of GBX 245.13 ($3.18).
Vodafone Group plc (LON VOD) opened at 222.10 on Tuesday. The firm’s market cap is GBX 59.13 billion. The firm’s 50-day moving average is GBX 221.23 and its 200-day moving average is GBX 211.89. Vodafone Group plc has a 52 week low of GBX 186.50 and a 52 week high of GBX 240.10.
In other Vodafone Group plc news, insider Nick Read sold 574,525 shares of the business’s stock in a transaction on Monday, June 26th. The shares were sold at an average price of GBX 224 ($2.91), for a total transaction of £1,286,936 ($1,670,694.53). Also, insider Vivek Badrinath bought 246,071 shares of the firm’s stock in a transaction on Friday, August 4th. The shares were bought at an average price of GBX 225 ($2.92) per share, for a total transaction of £553,659.75 ($718,758.60).
About Vodafone Group plc
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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