JPMorgan Chase & Co. set a GBX 295 ($3.85) target price on Vodafone Group plc (LON:VOD) in a research report released on Wednesday morning. The firm currently has a a buy rating on the cell phone carrier’s stock.
Other equities analysts also recently issued reports about the stock. Beaufort Securities reiterated a buy rating on shares of Vodafone Group plc in a report on Tuesday, June 7th. Deutsche Bank AG reiterated a buy rating and issued a GBX 300 ($3.92) price objective on shares of Vodafone Group plc in a report on Friday, June 24th. HSBC raised shares of Vodafone Group plc to a buy rating and boosted their target price for the company from GBX 157 ($2.05) to GBX 175 ($2.28) in a research report on Thursday, June 23rd. Jefferies Group reduced their target price on shares of Vodafone Group plc from GBX 265 ($3.46) to GBX 245 ($3.20) and set a buy rating for the company in a research report on Tuesday, June 21st. Finally, Citigroup Inc. set a GBX 240 ($3.13) target price on shares of Vodafone Group plc and gave the company a buy rating in a research report on Monday, June 27th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the company. The stock has an average rating of Hold and a consensus target price of GBX 247.87 ($3.24).
Shares of Vodafone Group plc (LON:VOD) opened at 223.53 on Wednesday. Vodafone Group plc has a 52-week low of GBX 197.70 and a 52-week high of GBX 240.10. The firm has a 50-day moving average of GBX 225.62 and a 200 day moving average of GBX 225.41. The firm’s market cap is GBX 59.37 billion.
In related news, insider Read,Nick sold 400,000 shares of the stock in a transaction on Friday, July 22nd. The stock was 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 bought 114 shares of the business’s stock in a transaction that occurred on Monday, September 12th. The stock was purchased at an average price of GBX 221 ($2.88) per share, for a total transaction 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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