Vodafone Group plc (VOD) Given a GBX 295 Price Target at JPMorgan Chase & Co.
Vodafone Group plc (LON:VOD) has been given a GBX 295 ($3.65) target price by equities research analysts at JPMorgan Chase & Co. in a note issued to investors on Wednesday. The brokerage presently has a a “buy” rating on the cell phone carrier’s stock. JPMorgan Chase & Co.’s price target would suggest a potential upside of 30.53% from the stock’s previous close.
A number of other research firms have also weighed in on VOD. Jefferies Group boosted 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 reissued 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, Morgan Stanley set a GBX 280 ($3.47) 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 given a hold rating and thirteen have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of GBX 248.30 ($3.07).
Vodafone Group plc (LON:VOD) traded down 0.80% during mid-day trading on Wednesday, reaching GBX 224.20. 21,137,882 shares of the company’s stock traded hands. The firm’s 50-day moving average price is GBX 225.10 and its 200 day moving average price is GBX 225.62. The stock’s market capitalization is GBX 59.54 billion. Vodafone Group plc has a 12 month low of GBX 197.70 and a 12 month high of GBX 240.10.
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In other Vodafone Group plc news, insider Read,Nick sold 400,000 shares of the stock in a transaction that occurred on 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 purchased 114 shares of the business’s stock in a transaction on Monday, September 12th. The stock was purchased at an average price of GBX 221 ($2.74) per share, for a total transaction 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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