BNP Paribas restated their outperform rating on shares of Vodafone Group plc (LON:VOD) in a research note released on Thursday morning. The brokerage currently has a GBX 265 ($3.28) target price on the cell phone carrier’s stock.
Several other research firms have also weighed in on VOD. JPMorgan Chase & Co. set a GBX 295 ($3.65) price objective on shares of Vodafone Group plc and gave the stock a buy rating in a research note on Wednesday, October 5th. Barclays PLC restated an overweight rating and set a GBX 260 ($3.22) price objective on shares of Vodafone Group plc in a research note on Tuesday, October 4th. Goldman Sachs Group Inc. set a GBX 265 ($3.28) price objective on shares of Vodafone Group plc and gave the stock a neutral rating in a research note on Tuesday, October 4th. HSBC restated a buy rating and set a GBX 280 ($3.47) price objective (up from GBX 270 ($3.34)) on shares of Vodafone Group plc in a research note on Monday, October 3rd. Finally, Jefferies Group restated a buy rating and set a GBX 260 ($3.22) price objective on shares of Vodafone Group plc in a research note on Friday, September 30th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of GBX 247.87 ($3.07).
Vodafone Group plc (LON:VOD) opened at 226.35 on Thursday. The firm’s market cap is GBX 60.12 billion. The company has a 50-day moving average of GBX 225.10 and a 200 day moving average of GBX 225.62. 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 Schellekens,Ronald bought 114 shares of the business’s stock in a transaction that occurred on Monday, September 12th. The shares were acquired at an average cost of GBX 221 ($2.74) per share, with a total value of £251.94 ($311.81). Also, 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 ($2.91), for a total transaction of £940,000 ($1,163,366.34).
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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