Vodafone Group plc (VOD) Earns “Overweight” Rating from JPMorgan Chase & Co.
Vodafone Group plc (LON:VOD)‘s stock had its “overweight” rating reiterated by equities research analysts at JPMorgan Chase & Co. in a research note issued on Monday. They presently have a GBX 300 ($3.92) target price on the cell phone carrier’s stock. JPMorgan Chase & Co.’s target price points to a potential upside of 34.20% from the company’s previous close.
A number of other equities research analysts have also weighed in on VOD. Jefferies Group reiterated a “buy” rating and set a GBX 260 ($3.39) price objective on shares of Vodafone Group plc in a report on Friday, September 30th. BNP Paribas reiterated an “outperform” rating and set a GBX 265 ($3.46) price objective on shares of Vodafone Group plc in a report on Wednesday, September 28th. Goldman Sachs Group Inc. set a GBX 265 ($3.46) price objective on shares of Vodafone Group plc and gave the company a “neutral” rating in a report on Wednesday, September 28th. HSBC lifted their price objective on shares of Vodafone Group plc from GBX 245 ($3.20) to GBX 280 ($3.65) and gave the company a “buy” rating in a report on Tuesday, September 27th. Finally, Beaufort Securities reiterated a “buy” rating on shares of Vodafone Group plc in a report on Monday, September 26th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 247.87 ($3.24).
Vodafone Group plc (LON:VOD) traded up 0.47% during midday trading on Monday, hitting GBX 223.53. 60,423,231 shares of the stock were exchanged. Vodafone Group plc has a 12 month low of GBX 197.70 and a 12 month high of GBX 240.10. The company’s market cap is GBX 59.37 billion. The firm’s 50 day moving average price is GBX 225.62 and its 200 day moving average price is GBX 225.41.
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In other news, insider Read,Nick sold 400,000 shares of the stock in a transaction dated 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 Vodafone Group plc stock in a transaction dated Monday, September 12th. The stock was acquired at an average price of GBX 221 ($2.88) per share, with a total value of £251.94 ($328.86).
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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