Vodafone Group Public (LON:VOD) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Vodafone Group Public (LON:VOD) had its target price boosted by stock analysts at JPMorgan Chase & Co. from GBX 62 to GBX 71 in a note issued to investors on Friday, MarketBeat reports. The firm currently has an “underweight” rating on the cell phone carrier’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential downside of 24.48% from the stock’s previous close.

A number of other analysts also recently weighed in on VOD. Citigroup lifted their price target on Vodafone Group Public from GBX 75 to GBX 85 and gave the company a “neutral” rating in a research note on Tuesday, October 14th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Vodafone Group Public from GBX 135 to GBX 140 and gave the stock a “buy” rating in a research report on Tuesday, October 14th. Berenberg Bank increased their price target on shares of Vodafone Group Public from GBX 80 to GBX 82 and gave the company a “hold” rating in a report on Friday, October 17th. Finally, UBS Group restated a “neutral” rating and set a GBX 72 target price on shares of Vodafone Group Public in a research report on Friday, November 7th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of GBX 90.

Vodafone Group Public Price Performance

VOD opened at GBX 94.02 on Friday. The company has a debt-to-equity ratio of 96.88, a current ratio of 1.37 and a quick ratio of 0.78. The business’s 50-day moving average is GBX 88.54 and its two-hundred day moving average is GBX 83.84. Vodafone Group Public has a 1 year low of GBX 62.40 and a 1 year high of GBX 96.34. The firm has a market capitalization of £22.47 billion, a PE ratio of -5.90, a price-to-earnings-growth ratio of 0.59 and a beta of 0.54.

Insider Activity

In other Vodafone Group Public news, insider Anne-Francoise Nesmes purchased 20,911 shares of the firm’s stock in a transaction on Friday, November 14th. The shares were purchased at an average cost of GBX 95 per share, with a total value of £19,865.45. Insiders own 0.43% of the company’s stock.

About Vodafone Group Public

Vodafone is a leading European and African telecoms company.

We serve over 355 million mobile and broadband customers, operating networks in 15 countries with investments in a further five and partners in over 40 more. Our undersea cables transport around a sixth of the world’s internet traffic, and we are developing a new direct-to-mobile satellite communications service to connect areas without coverage.