Vodafone Group plc (LON:VOD)‘s stock had its “overweight” rating reiterated by equities researchers at J P Morgan Chase & Co in a report issued on Tuesday. They presently have a GBX 275 ($3.55) price target on the cell phone carrier’s stock. J P Morgan Chase & Co’s price objective would suggest a potential upside of 27.20% from the stock’s current price.
Several other equities research analysts have also recently commented on the company. Sanford C. Bernstein set a GBX 265 ($3.42) price objective on Vodafone Group plc and gave the company a “buy” rating in a research report on Tuesday, May 30th. Numis Securities Ltd began coverage on Vodafone Group plc in a research report on Friday, July 14th. They set an “add” rating and a GBX 250 ($3.23) price objective on the stock. Societe Generale reaffirmed a “sell” rating and set a GBX 150 ($1.94) price objective on shares of Vodafone Group plc in a research report on Monday, July 24th. Jefferies Group LLC increased their price objective on Vodafone Group plc from GBX 232 ($3.00) to GBX 250 ($3.23) and gave the company a “buy” rating in a research report on Monday. Finally, Deutsche Bank AG increased their price objective on Vodafone Group plc from GBX 285 ($3.68) to GBX 300 ($3.87) and gave the company a “buy” rating in a research report on Monday, June 12th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company. Vodafone Group plc currently has a consensus rating of “Hold” and a consensus target price of GBX 246.13 ($3.18).
Vodafone Group plc (LON:VOD) opened at 216.00 on Tuesday. The firm’s 50-day moving average is GBX 220.38 and its 200-day moving average is GBX 215.08. The stock’s market capitalization is GBX 57.50 billion. Vodafone Group plc has a 12-month low of GBX 186.50 and a 12-month high of GBX 233.90.
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In related news, insider Vivek Badrinath bought 246,071 shares of the business’s stock in a transaction dated Friday, August 4th. The shares were purchased at an average price of GBX 225 ($2.91) per share, with a total value of £553,659.75 ($715,045.52). Also, insider Nick Read sold 574,525 shares of the business’s stock in a transaction that occurred on Monday, June 26th. The shares were sold at an average price of GBX 224 ($2.89), for a total value of £1,286,936 ($1,662,063.80).
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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