Vodafone Group plc (VOD) Given a GBX 295 Price Target by JPMorgan Chase & Co. Analysts
Vodafone Group plc (LON:VOD) received a GBX 295 ($3.85) price target from investment analysts at JPMorgan Chase & Co. in a research note issued on Wednesday. The brokerage currently has a a “buy” rating on the cell phone carrier’s stock. JPMorgan Chase & Co.’s price objective would indicate a potential upside of 29.50% from the stock’s previous close.
Other equities research analysts have also issued reports about the stock. Beaufort Securities restated a “buy” rating on shares of Vodafone Group plc in a report on Tuesday, June 7th. Deutsche Bank AG restated 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 upgraded shares of Vodafone Group plc to a “buy” rating and lifted their price target for the stock from GBX 157 ($2.05) to GBX 175 ($2.28) in a research note on Thursday, June 23rd. Jefferies Group cut their price target on shares of Vodafone Group plc from GBX 265 ($3.46) to GBX 245 ($3.20) and set a “buy” rating on the stock in a research note on Tuesday, June 21st. Finally, Citigroup Inc. set a GBX 240 ($3.13) price target on shares of Vodafone Group plc and gave the stock a “buy” rating in a research note on Monday, June 27th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Vodafone Group plc has an average rating of “Hold” and an average price target of GBX 247.29 ($3.23).
Shares of Vodafone Group plc (LON:VOD) opened at 225.05 on Wednesday. Vodafone Group plc has a 1-year low of GBX 197.70 and a 1-year high of GBX 240.10. The stock’s 50 day moving average is GBX 226.53 and its 200 day moving average is GBX 225.34. The stock’s market capitalization is GBX 59.77 billion.
In other news, insider Read,Nick sold 400,000 shares of the company’s stock in a transaction on Friday, July 22nd. The shares were 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 firm’s stock in a transaction dated Monday, September 12th. The stock was purchased at an average price 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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