Vodafone Group plc (VOD) Given Buy Rating at Jefferies Group
Jefferies Group reissued their buy rating on shares of Vodafone Group plc (LON:VOD) in a research report report published on Friday. The firm currently has a GBX 260 ($3.39) target price on the cell phone carrier’s stock.
A number of other analysts have also weighed in on VOD. Berenberg Bank restated a buy rating and issued a GBX 250 ($3.26) target price on shares of Vodafone Group plc in a research note on Thursday, June 2nd. Barclays PLC restated an overweight rating and issued a GBX 265 ($3.46) target price on shares of Vodafone Group plc in a research note on Monday, July 25th. Deutsche Bank AG restated a buy rating and issued a GBX 300 ($3.92) target price on shares of Vodafone Group plc in a research note on Wednesday, June 15th. Beaufort Securities restated a buy rating on shares of Vodafone Group plc in a research note on Tuesday, June 7th. Finally, HSBC set a GBX 245 ($3.20) target price on Vodafone Group plc and gave the company a buy rating in a research note on Monday, July 25th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirteen have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of GBX 247.50 ($3.23).
Shares of Vodafone Group plc (LON:VOD) traded up 1.04% during trading on Friday, reaching GBX 224.05. 29,712,739 shares of the company were exchanged. The stock’s market capitalization is GBX 59.50 billion. The stock has a 50-day moving average of GBX 227.35 and a 200 day moving average of GBX 225.23. 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 stock in a transaction dated 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 purchased 114 shares of the firm’s stock in a transaction dated Monday, September 12th. The stock was bought at an average cost 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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