Vodafone Group plc (VOD) Receives “Outperform” Rating from BNP Paribas
Vodafone Group plc (LON:VOD)‘s stock had its “outperform” rating reiterated by equities research analysts at BNP Paribas in a research note issued to investors on Thursday. They currently have a GBX 265 ($3.46) price objective on the cell phone carrier’s stock. BNP Paribas’ price target indicates a potential upside of 17.75% from the stock’s current price.
Other research analysts have also issued research reports about the company. JPMorgan Chase & Co. set a GBX 295 ($3.85) target price on Vodafone Group plc and gave the company a “buy” rating in a research report on Wednesday. HSBC set a GBX 245 ($3.20) target price on Vodafone Group plc and gave the company a “buy” rating in a research report on Monday, July 25th. Goldman Sachs Group Inc. set a GBX 260 ($3.39) target price on Vodafone Group plc and gave the company a “neutral” rating in a research report on Wednesday, June 29th. Beaufort Securities reiterated a “buy” rating on shares of Vodafone Group plc in a research report on Monday, June 13th. Finally, Barclays PLC increased their target price on Vodafone Group plc from GBX 255 ($3.33) to GBX 265 ($3.46) and gave the company an “overweight” rating in a research report on Wednesday, July 13th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the stock. Vodafone Group plc currently has a consensus rating of “Hold” and an average price target of GBX 248.30 ($3.24).
Vodafone Group plc (LON:VOD) opened at 221.80 on Thursday. The firm’s 50-day moving average is GBX 226.13 and its 200-day moving average is GBX 225.40. The company’s market cap is GBX 58.91 billion. 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 Read,Nick sold 400,000 shares of the firm’s stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of GBX 235 ($3.07), for a total transaction of £940,000 ($1,226,993.87). Also, insider Schellekens,Ronald acquired 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 ($2.88) 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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