Vodafone Group (VOD) Given New GBX 130 Price Target at Societe Generale

Vodafone Group (LON:VOD) had its price target cut by Societe Generale from GBX 150 ($1.96) to GBX 130 ($1.70) in a research report sent to investors on Tuesday morning. They currently have a sell rating on the cell phone carrier’s stock.

Several other brokerages have also recently commented on VOD. Barclays dropped their target price on shares of Vodafone Group from GBX 260 ($3.40) to GBX 250 ($3.27) and set an overweight rating for the company in a research report on Wednesday, July 11th. Kepler Capital Markets assumed coverage on shares of Vodafone Group in a research report on Wednesday, July 11th. They issued a reduce rating and a GBX 180 ($2.35) target price for the company. Sanford C. Bernstein set a GBX 220 ($2.87) target price on shares of Vodafone Group and gave the company a neutral rating in a research report on Tuesday, July 17th. Deutsche Bank dropped their target price on shares of Vodafone Group from GBX 280 ($3.66) to GBX 275 ($3.59) and set a buy rating for the company in a research report on Tuesday, July 17th. Finally, Credit Suisse Group set a GBX 235 ($3.07) target price on shares of Vodafone Group and gave the company a buy rating in a research report on Monday, July 16th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of GBX 222.62 ($2.91).

Shares of LON:VOD traded down GBX 3.16 ($0.04) during midday trading on Tuesday, hitting GBX 143.92 ($1.88). The stock had a trading volume of 74,277,525 shares, compared to its average volume of 61,020,000. Vodafone Group has a fifty-two week low of GBX 197.45 ($2.58) and a fifty-two week high of GBX 239.65 ($3.13).

In other Vodafone Group news, insider Michel Demare purchased 50,000 shares of the firm’s stock in a transaction on Tuesday, September 18th. The stock was purchased at an average cost of GBX 168 ($2.20) per share, for a total transaction of £84,000 ($109,760.88). Also, insider Margherita D. Valle purchased 180,182 shares of the firm’s stock in a transaction on Friday, September 7th. The stock was acquired at an average price of GBX 165 ($2.16) per share, with a total value of £297,300.30 ($388,475.50). Over the last quarter, insiders have purchased 236,564 shares of company stock valued at $39,189,442.

Vodafone Group Company Profile

Vodafone Group Plc engages in telecommunication services in Europe, Africa, the Middle East, and the Asia Pacific. The company's consumer products include mobile services, such as call, text, and data; broadband; television offerings and voice; mobile money services through M-pesa; Giga TV, an advanced digital service; and converged communication solutions, such as GigaKombi, Vodafone One Net Enterprise, Vodafone One, and Vodafone Meet Anywhere.

Read More: Liquidity

Analyst Recommendations for Vodafone Group (LON:VOD)

Receive News & Ratings for Vodafone Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vodafone Group and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit