Vodafone Group plc (LON:VOD) has been assigned a GBX 295 ($3.65) target price by analysts at JPMorgan Chase & Co. in a report issued on Wednesday. The firm presently has a a “buy” rating on the cell phone carrier’s stock. JPMorgan Chase & Co.’s target price would suggest a potential upside of 30.53% from the stock’s current price.
A number of other research analysts have also recently commented on VOD. Barclays PLC reissued an “overweight” rating and issued a GBX 265 ($3.28) price target on shares of Vodafone Group plc in a report on Monday, July 25th. Deutsche Bank AG reissued a “buy” rating and issued a GBX 300 ($3.71) price target on shares of Vodafone Group plc in a report on Wednesday, June 15th. HSBC set a GBX 245 ($3.03) price target on Vodafone Group plc and gave the stock a “buy” rating in a report on Monday, July 25th. Goldman Sachs Group Inc. reissued a “neutral” rating and issued a GBX 275 ($3.40) price target on shares of Vodafone Group plc in a report on Wednesday. Finally, BNP Paribas reissued an “outperform” rating and issued a GBX 265 ($3.28) price target on shares of Vodafone Group plc in a report on Thursday, September 15th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of GBX 248.30 ($3.07).
Shares of Vodafone Group plc (LON:VOD) traded down 0.91% during midday trading on Wednesday, hitting GBX 223.95. The stock had a trading volume of 21,341,370 shares. Vodafone Group plc has a 12 month low of GBX 197.70 and a 12 month high of GBX 240.10. The firm’s market cap is GBX 59.48 billion. The stock’s 50 day moving average price is GBX 225.10 and its 200 day moving average price is GBX 225.62.
In other news, insider Schellekens,Ronald bought 114 shares of the firm’s stock in a transaction dated Monday, September 12th. The shares were acquired at an average price of GBX 221 ($2.74) per share, for a total transaction of £251.94 ($311.81). Also, insider Read,Nick sold 400,000 shares of the firm’s stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of GBX 235 ($2.91), for a total value of £940,000 ($1,163,366.34).
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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