Jefferies Group Boosts Vodafone Group plc (VOD) Price Target to GBX 265
Vodafone Group plc (LON:VOD) had its price objective increased by equities researchers at Jefferies Group from GBX 260 ($3.22) to GBX 265 ($3.28) in a note issued to investors on Monday. The brokerage presently has a ” buy” rating on the cell phone carrier’s stock. Jefferies Group’s price target points to a potential upside of 17.45% from the stock’s previous close.
A number of other research firms have also recently commented on VOD. Goldman Sachs Group Inc. reissued a “neutral” rating and issued a GBX 265 ($3.28) price target on shares of Vodafone Group plc in a research note on Thursday, September 22nd. Haitong Bank reissued a “neutral” rating and issued a GBX 210 ($2.60) price target on shares of Vodafone Group plc in a research note on Friday, July 22nd. HSBC cut their price target on shares of Vodafone Group plc from GBX 280 ($3.47) to GBX 270 ($3.34) and set a “buy” rating for the company in a research note on Sunday, October 9th. Credit Suisse Group AG reissued an “outperform” rating and issued a GBX 240 ($2.97) price target on shares of Vodafone Group plc in a research note on Wednesday, July 13th. Finally, Deutsche Bank AG reissued a “buy” rating and issued a GBX 310 ($3.84) price target on shares of Vodafone Group plc in a research note on Tuesday, July 26th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of GBX 248.52 ($3.08).
Vodafone Group plc (LON:VOD) opened at 224.5522 on Monday. Vodafone Group plc has a 12-month low of GBX 197.70 and a 12-month high of GBX 240.10. The firm has a 50-day moving average of GBX 224.30 and a 200 day moving average of GBX 225.59. The company’s market capitalization is GBX 59.64 billion.
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In other Vodafone Group plc news, insider Read,Nick sold 400,000 shares of the firm’s stock in a transaction that occurred on 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). Also, insider Schellekens,Ronald bought 114 shares of the firm’s stock in a transaction on Monday, September 12th. The shares were purchased at an average price of GBX 221 ($2.74) per share, for a total transaction of £251.94 ($311.81).
Vodafone Group plc Company Profile
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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