Vodafone Group plc (LON:VOD)‘s stock had its “buy” rating reissued by investment analysts at Jefferies Group in a report issued on Friday. They currently have a GBX 260 ($3.39) price target on the cell phone carrier’s stock. Jefferies Group’s price objective indicates a potential upside of 15.61% from the stock’s current price.
Several other equities analysts have also recently issued reports on VOD. Berenberg Bank restated a “buy” rating and issued a GBX 250 ($3.26) price target on shares of Vodafone Group plc in a research report on Thursday, June 2nd. Barclays PLC reiterated an “overweight” rating and set a GBX 265 ($3.46) price objective on shares of Vodafone Group plc in a research report on Monday, July 25th. Deutsche Bank AG reiterated a “buy” rating and set a GBX 300 ($3.92) price objective on shares of Vodafone Group plc in a research report on Wednesday, June 15th. Beaufort Securities reiterated a “buy” rating on shares of Vodafone Group plc in a research report on Tuesday, June 7th. Finally, HSBC set a GBX 245 ($3.20) price objective on shares of Vodafone Group plc and gave the stock a “buy” rating in a research report on Monday, July 25th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and thirteen have given a buy rating to the company’s stock. Vodafone Group plc presently has an average rating of “Hold” and an average price target of GBX 247.50 ($3.23).
Shares of Vodafone Group plc (LON:VOD) opened at 226.408 on Friday. The firm has a 50-day moving average of GBX 226.68 and a 200 day moving average of GBX 225.34. The firm’s market capitalization is GBX 60.13 billion. Vodafone Group plc has a 52 week low of GBX 197.70 and a 52 week high of GBX 240.10.
In other news, insider Read,Nick sold 400,000 shares of the business’s stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of GBX 235 ($3.07), for a total value of £940,000 ($1,226,993.87). Also, insider Schellekens,Ronald acquired 114 shares of the stock in a transaction dated Monday, September 12th. The stock was acquired at an average price of GBX 221 ($2.88) per share, with a total value of £251.94 ($328.86).
Vodafone Group plc Company Profile
Vodafone Group Plc (Vodafone) is a mobile communications company which provides services to mobile voice, messaging, data and fixed line. The Company’s money transfer service, M-Pesa, enables people in emerging markets, to send and receive money through a mobile phone. The Company also has products such as international money transfer, savings and loans, salary disbursements and access to insurance products in different markets.
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