Vodafone Group plc (VOD) Stock Rating Reaffirmed by Barclays PLC
Barclays PLC reiterated their overweight rating on shares of Vodafone Group plc (LON:VOD) in a report released on Tuesday morning. They currently have a GBX 260 ($3.39) target price on the cell phone carrier’s stock.
A number of other equities analysts have also recently issued reports on the company. Goldman Sachs Group Inc. set a GBX 265 ($3.46) price target on Vodafone Group plc and gave the stock a neutral rating in a report on Tuesday, October 4th. HSBC restated a buy rating and set a GBX 280 ($3.65) price target (up from GBX 270 ($3.52)) on shares of Vodafone Group plc in a report on Monday, October 3rd. JPMorgan Chase & Co. restated an overweight rating and set a GBX 300 ($3.92) price target on shares of Vodafone Group plc in a report on Monday, October 3rd. Jefferies Group reiterated a buy rating and issued a GBX 260 ($3.39) target price on shares of Vodafone Group plc in a report on Friday, September 30th. Finally, BNP Paribas reiterated an outperform rating and issued a GBX 265 ($3.46) target price on shares of Vodafone Group plc in a report on Wednesday, September 28th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of GBX 247.87 ($3.24).
Vodafone Group plc (LON:VOD) opened at 223.53 on Tuesday. The firm’s market capitalization is GBX 59.37 billion. The firm has a 50 day moving average of GBX 225.62 and a 200 day moving average of GBX 225.41. Vodafone Group plc has a 12-month low of GBX 197.70 and a 12-month high of GBX 240.10.
In other news, insider Schellekens,Ronald bought 114 shares of the company’s stock in a transaction that occurred on Monday, September 12th. The stock was bought at an average price of GBX 221 ($2.88) per share, for a total transaction of £251.94 ($328.86). Also, insider Read,Nick sold 400,000 shares of the business’s stock in a transaction that occurred on 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).
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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