Beaufort Securities Reiterates “Buy” Rating for Vodafone Group plc (VOD)
Vodafone Group plc (LON:VOD)‘s stock had its “buy” rating reissued by research analysts at Beaufort Securities in a report released on Monday.
Several other research firms have also commented on VOD. Jefferies Group raised their target price on Vodafone Group plc from GBX 245 ($3.03) to GBX 260 ($3.22) and gave the stock a “buy” rating in a report on Wednesday, August 17th. Barclays PLC reaffirmed an “overweight” rating and set a GBX 265 ($3.28) target price on shares of Vodafone Group plc in a report on Monday, July 25th. Goldman Sachs Group Inc. set a GBX 265 ($3.28) target price on Vodafone Group plc and gave the stock a “neutral” rating in a report on Monday, July 25th. HSBC set a GBX 245 ($3.03) target price on Vodafone Group plc and gave the stock a “buy” rating in a report on Monday, July 25th. Finally, JPMorgan Chase & Co. set a GBX 300 ($3.71) target price on Vodafone Group plc and gave the stock a “buy” rating in a report on Monday, July 25th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have given a buy rating to the company. Vodafone Group plc has an average rating of “Hold” and an average target price of GBX 247.87 ($3.07).
Vodafone Group plc (LON:VOD) traded up 0.98% during trading on Monday, hitting GBX 225.75. The stock had a trading volume of 40,245,505 shares. 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 59.96 billion. The company’s 50 day moving average is GBX 225.07 and its 200-day moving average is GBX 225.56.
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In other news, insider Read,Nick sold 400,000 shares of the business’s stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of GBX 235 ($2.91), for a total value of £940,000 ($1,163,366.34). Also, insider Schellekens,Ronald bought 114 shares of Vodafone Group plc stock in a transaction dated Monday, September 12th. The stock was purchased at an average cost of GBX 221 ($2.74) per share, with a total value of £251.94 ($311.81).
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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