Jefferies Group Increases Vodafone Group plc (VOD) Price Target to GBX 265
Vodafone Group plc (LON:VOD) had its price target lifted by stock analysts at Jefferies Group from GBX 260 ($3.22) to GBX 265 ($3.28) in a research report issued to clients and investors on Monday. The brokerage currently has a “buy” rating on the cell phone carrier’s stock. Jefferies Group’s target price points to a potential upside of 17.45% from the stock’s current price.
Several other analysts have also recently weighed in on the stock. Credit Suisse Group AG restated an “outperform” rating and set a GBX 240 ($2.97) price objective on shares of Vodafone Group plc in a research report on Thursday. JPMorgan Chase & Co. set a GBX 295 ($3.65) price objective on shares of Vodafone Group plc and gave the company a “buy” rating in a research report on Wednesday, October 12th. Goldman Sachs Group Inc. restated a “neutral” rating and set a GBX 275 ($3.40) price objective on shares of Vodafone Group plc in a research report on Wednesday, October 12th. Societe Generale reaffirmed a “sell” rating and set a GBX 155 ($1.92) target price on shares of Vodafone Group plc in a report on Monday, October 10th. Finally, Beaufort Securities reaffirmed a “buy” rating on shares of Vodafone Group plc in a report on Monday, October 10th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of GBX 248.52 ($3.08).
Vodafone Group plc (LON:VOD) opened at 224.65 on Monday. The firm’s market cap is GBX 59.66 billion. The stock’s 50 day moving average is GBX 224.30 and its 200 day moving average is GBX 225.59. Vodafone Group plc has a one year low of GBX 197.70 and a one year high of GBX 240.10.
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In other Vodafone Group plc news, insider Read,Nick sold 400,000 shares of the company’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 value of £940,000 ($1,163,366.34). Also, insider Schellekens,Ronald purchased 114 shares of the company’s stock in a transaction on Monday, September 12th. The stock was purchased at an average price 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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