Vodafone Group plc’s (VOD) “Hold” Rating Reaffirmed at HSBC Holdings plc

HSBC Holdings plc reiterated their hold rating on shares of Vodafone Group plc (LON:VOD) in a report released on Wednesday, October 18th. They currently have a GBX 230 ($3.04) price objective on the cell phone carrier’s stock.

VOD has been the subject of a number of other research reports. J P Morgan Chase & Co reiterated an overweight rating and set a GBX 275 ($3.63) target price on shares of Vodafone Group plc in a research note on Monday, July 24th. Barclays PLC reiterated an equal weight rating and set a GBX 225 ($2.97) target price on shares of Vodafone Group plc in a research note on Friday, July 7th. Deutsche Bank AG reiterated a buy rating and set a GBX 300 ($3.96) target price on shares of Vodafone Group plc in a research note on Wednesday, August 9th. BNP Paribas reiterated a neutral rating and set a GBX 235 ($3.10) target price on shares of Vodafone Group plc in a research note on Tuesday, July 18th. Finally, Credit Suisse Group boosted their target price on shares of Vodafone Group plc from GBX 240 ($3.17) to GBX 250 ($3.30) and gave the stock an outperform rating in a research note on Monday, August 7th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the stock. The company has an average rating of Hold and a consensus price target of GBX 244.87 ($3.23).

Vodafone Group plc (LON:VOD) opened at 215.70 on Wednesday. Vodafone Group plc has a 1-year low of GBX 186.50 and a 1-year high of GBX 233.90. The stock has a 50 day moving average price of GBX 212.47 and a 200 day moving average price of GBX 216.45. The stock’s market cap is GBX 57.42 billion.

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In other news, insider Vivek Badrinath bought 246,071 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were purchased at an average price of GBX 225 ($2.97) per share, for a total transaction of £553,659.75 ($730,614.61).

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.

Analyst Recommendations for Vodafone Group plc (LON:VOD)

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