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

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Vodafone Group (LON:VOD) had its price objective decreased by Societe Generale from GBX 150 ($1.96) to GBX 130 ($1.70) in a report released on Tuesday. Societe Generale currently has a sell rating on the cell phone carrier’s stock.

A number of other equities research analysts have also commented on the stock. Credit Suisse Group restated an outperform rating on shares of Vodafone Group in a report on Thursday, November 1st. UBS Group restated a buy rating and set a GBX 230 ($3.01) price objective (down from GBX 250 ($3.27)) on shares of Vodafone Group in a report on Monday, October 29th. Sanford C. Bernstein set a GBX 215 ($2.81) price objective on shares of Vodafone Group and gave the stock a buy rating in a report on Tuesday, October 9th. Jefferies Financial Group set a GBX 165 ($2.16) price objective on shares of Vodafone Group and gave the stock a neutral rating in a report on Monday, October 8th. Finally, Barclays set a GBX 220 ($2.87) price objective on shares of Vodafone Group and gave the stock a buy rating in a report on Friday, October 5th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Vodafone Group presently has an average rating of Hold and an average target price of GBX 222.62 ($2.91).

Shares of LON:VOD traded down GBX 3.16 ($0.04) during midday trading on Tuesday, reaching GBX 143.92 ($1.88). 74,277,525 shares of the company were exchanged, 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 related news, insider Dame Clara Furse bought 6,382 shares of Vodafone Group stock in a transaction that occurred on Monday, September 3rd. The stock was acquired at an average price of GBX 166 ($2.17) per share, with a total value of £10,594.12 ($13,843.09). Also, insider Margherita D. Valle bought 180,182 shares of Vodafone Group stock in a transaction that occurred on Friday, September 7th. The shares were bought at an average cost of GBX 165 ($2.16) per share, with a total value of £297,300.30 ($388,475.50). Insiders have bought a total of 236,564 shares of company stock worth $39,189,442 over the last 90 days.

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.

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Analyst Recommendations for Vodafone Group (LON:VOD)

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