Vodafone Group plc (VOD) Receives Average Recommendation of “Hold” from Analysts
Vodafone Group plc (LON:VOD) has been assigned an average rating of “Hold” from the twenty-five analysts that are presently covering the stock. Two analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is GBX 247.87 ($3.07).
A number of analysts have issued reports on the stock. Jefferies Group lifted their price target on shares of Vodafone Group plc from GBX 245 ($3.03) to GBX 260 ($3.22) and gave the company a “buy” rating in a report on Wednesday, August 17th. Barclays PLC reissued an “overweight” rating and issued a GBX 265 ($3.28) price objective on shares of Vodafone Group plc in a research note on Monday, July 25th. Goldman Sachs Group Inc. set a GBX 265 ($3.28) price objective on shares of Vodafone Group plc and gave the stock a “neutral” rating in a research note on Monday, July 25th. HSBC set a GBX 245 ($3.03) price objective on shares of Vodafone Group plc and gave the stock a “buy” rating in a research note on Monday, July 25th. Finally, JPMorgan Chase & Co. set a GBX 300 ($3.71) price objective on shares of Vodafone Group plc and gave the stock a “buy” rating in a research note on Monday, July 25th.
In other Vodafone Group plc news, insider Schellekens,Ronald purchased 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 ($2.74) per share, for a total transaction of £251.94 ($311.81). Also, insider Read,Nick sold 400,000 shares of the business’s stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of GBX 235 ($2.91), for a total transaction of £940,000 ($1,163,366.34).
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Vodafone Group plc (LON:VOD) traded up 0.11% during trading on Tuesday, reaching GBX 226.00. 40,568,688 shares of the company were exchanged. The company’s 50-day moving average price is GBX 225.07 and its 200-day moving average price is GBX 225.56. The stock’s market capitalization is GBX 60.02 billion. Vodafone Group plc has a 1-year low of GBX 197.70 and a 1-year high of GBX 240.10.
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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