Vodafone: shares edge lower as UBS cuts target price
(CercleFinance.com) - Shares in British mobile phone giant Vodafone are trading lower on Friday, featuring as one of the sharpest fallers on London's FTSE 100 index, after UBS cut its target price for the share from 230 pence to 215 pence, maintaining its "buy" rating on the stock.
Vodafone shares are currently down 0.9% at 138.1 pence, underperforming a 0.2% rise in the FTSE. They have fallen by almost 10% year-to-date.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
Vodafone shares are currently down 0.9% at 138.1 pence, underperforming a 0.2% rise in the FTSE. They have fallen by almost 10% year-to-date.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.