Vodafone Group plc (VOD) Stock Price Up 1.1% on Analyst Upgrade

Vodafone Group plc (LON:VOD) shares rose 1.1% on Monday after Jefferies Group raised their price target on the stock from GBX 232 to GBX 250. Jefferies Group currently has a buy rating on the stock. Vodafone Group plc traded as high as GBX 216.80 ($2.80) and last traded at GBX 216.20 ($2.79). Approximately 38,498,812 shares changed hands during mid-day trading, a decline of 8% from the average daily volume of 41,627,500 shares. The stock had previously closed at GBX 213.75 ($2.76).

Several other research firms have also recently weighed in on VOD. J P Morgan Chase & Co restated an “overweight” rating and issued a GBX 275 ($3.55) price objective on shares of Vodafone Group plc in a research report on Monday, July 24th. Berenberg Bank upped their price objective on shares of Vodafone Group plc from GBX 250 ($3.23) to GBX 259 ($3.34) and gave the stock a “buy” rating in a research report on Monday, June 12th. Barclays PLC restated an “equal weight” rating and issued a GBX 225 ($2.91) price objective on shares of Vodafone Group plc in a research report on Friday, July 7th. Deutsche Bank AG restated a “buy” rating and issued a GBX 300 ($3.87) price objective on shares of Vodafone Group plc in a research report on Wednesday, August 9th. Finally, BNP Paribas restated a “neutral” rating and issued a GBX 235 ($3.03) price objective on shares of Vodafone Group plc in a research report on Tuesday, July 18th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 246.13 ($3.18).

In other Vodafone Group plc news, insider Nick Read sold 574,525 shares of the stock in a transaction on Monday, June 26th. The stock was sold at an average price of GBX 224 ($2.89), for a total value of £1,286,936 ($1,662,063.80). Also, insider Vivek Badrinath acquired 246,071 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was purchased at an average price of GBX 225 ($2.91) per share, with a total value of £553,659.75 ($715,045.52).

The stock’s market capitalization is GBX 57.56 billion. The stock has a 50-day moving average price of GBX 220.76 and a 200-day moving average price of GBX 214.76.

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Vodafone Group plc Company Profile

Vodafone Group Plc (Vodafone) is a telecommunications company. The Company’s business is organized into two geographic regions: Europe, and Africa, Middle East and Asia Pacific (AMAP). Its segments include Europe and AMAP. Its Europe segment includes geographic regions, such as Germany, Italy, the United Kingdom, Spain and Other Europe.

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