Vodafone Group plc (LON:VOD)‘s stock had its “overweight” rating reissued by Barclays PLC in a research note issued to investors on Tuesday. They currently have a GBX 260 ($3.39) target price on the cell phone carrier’s stock. Barclays PLC’s price objective would indicate a potential upside of 15.53% from the stock’s previous close.
Several other research firms also recently weighed in on VOD. Jefferies Group upped their price target on Vodafone Group plc from GBX 245 ($3.20) to GBX 260 ($3.39) and gave the stock a “buy” rating in a research note on Wednesday, August 17th. Goldman Sachs Group Inc. set a GBX 265 ($3.46) price target on Vodafone Group plc and gave the stock a “neutral” rating in a research note on Monday, July 25th. HSBC set a GBX 245 ($3.20) target price on Vodafone Group plc and gave the company a “buy” rating in a research report on Monday, July 25th. JPMorgan Chase & Co. set a GBX 300 ($3.92) target price on Vodafone Group plc and gave the company a “buy” rating in a research report on Monday, July 25th. Finally, Morgan Stanley set a GBX 280 ($3.65) target price on Vodafone Group plc and gave the company a “buy” rating in a research report on Monday, July 25th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of GBX 248.30 ($3.24).
Vodafone Group plc (LON:VOD) opened at 225.05 on Tuesday. The company has a 50 day moving average of GBX 226.13 and a 200 day moving average of GBX 225.40. The stock’s market capitalization is GBX 59.77 billion. Vodafone Group plc has a 52 week low of GBX 197.70 and a 52 week high of GBX 240.10.
In related news, insider Read,Nick sold 400,000 shares of the firm’s stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of GBX 235 ($3.07), for a total transaction of £940,000 ($1,226,993.87). Also, insider Schellekens,Ronald acquired 114 shares of the company’s stock in a transaction that occurred on Monday, September 12th. The shares were bought at an average cost of GBX 221 ($2.88) per share, for a total transaction of £251.94 ($328.86).
About Vodafone Group plc
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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