The stock of Vodafone Group plc (LON:VOD) hit a new 52-week low and has GBX 176.49 target or 9.00% below today’s GBX 193.94 share price. The 9 months bearish chart indicates high risk for the GBX 51.67B company. The 1-year low was reported on Nov, 29 by Barchart.com. If the GBX 176.49 price target is reached, the company will be worth GBX 4.65B less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock decreased 0.67% or GBX 1.31 on November 29, hitting GBX 193.94. About 76.38 million shares traded hands or 16.47% up from the average. Vodafone Group plc (LON:VOD) has declined 10.93% since May 2, 2016 and is downtrending. It has underperformed by 16.19% the S&P500.
Vodafone Group plc (LON:VOD) Ratings Coverage
Out of 26 analysts covering Vodafone Group PLC (LON:VOD), 17 rate it a “Buy”, 2 “Sell”, while 7 “Hold”. This means 65% are positive. Vodafone Group PLC has been the topic of 215 analyst reports since July 22, 2015 according to StockzIntelligence Inc. Goldman Sachs maintained Vodafone Group plc (LON:VOD) rating on Thursday, January 21. Goldman Sachs has “Neutral” rating and GBX 246 price target. Barclays Capital maintained it with “Overweight” rating and GBX 250 target price in Monday, November 30 report. UBS maintained the shares of VOD in a report on Friday, October 2 with “Buy” rating. Berenberg maintained it with “Buy” rating and GBX 264 target price in Monday, October 12 report. The stock of Vodafone Group plc (LON:VOD) has “Neutral” rating given on Monday, January 18 by Haitong Securities. The stock of Vodafone Group plc (LON:VOD) earned “Buy” rating by UBS on Friday, November 6. On Thursday, April 7 the stock rating was maintained by HSBC with “Buy”. On Thursday, December 24 the stock rating was maintained by AlphaValue with “Add”. JP Morgan maintained the stock with “Overweight” rating in Wednesday, October 5 report. The rating was maintained by Deutsche Bank with “Buy” on Wednesday, June 15.
More news for Vodafone Group plc (LON:VOD) were recently published by: Profitconfidential.com, which released: “Vodafone Group PLC: This Report Is Sending VOD Stock Plunging” on November 15, 2016. Wsj.com‘s article titled: “Vodafone CEO: Facebook Needs ‘to Grow Up’ on Fake News, Offensive Content” and published on November 15, 2016 is yet another important article.
Vodafone Group Plc is a telecommunications company. The company has a market cap of 51.67 billion GBP. The Company’s business is organized into two geographic regions: Europe, and Africa, Middle East and Asia Pacific (AMAP). It currently has negative earnings. The Company’s divisions include Europe and AMAP.
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