Vodafone Group plc (VOD) Earns Overweight Rating from JPMorgan Chase & Co.
Vodafone Group plc (LON:VOD)‘s stock had its “overweight” rating reiterated by investment analysts at JPMorgan Chase & Co. in a note issued to investors on Monday. They currently have a GBX 300 ($3.92) target price on the cell phone carrier’s stock. JPMorgan Chase & Co.’s price objective would suggest a potential upside of 35.29% from the company’s current price.
A number of other research analysts also recently issued reports on the stock. Jefferies Group restated a “buy” rating and issued a GBX 260 ($3.39) price target on shares of Vodafone Group plc in a research report on Friday. BNP Paribas restated an “outperform” rating and issued a GBX 265 ($3.46) price target on shares of Vodafone Group plc in a research report on Wednesday, September 28th. Goldman Sachs Group Inc. set a GBX 265 ($3.46) price objective on shares of Vodafone Group plc and gave the company a “neutral” rating in a research note on Wednesday, September 28th. HSBC lifted their price objective on shares of Vodafone Group plc from GBX 245 ($3.20) to GBX 280 ($3.65) and gave the company a “buy” rating in a research note on Tuesday, September 27th. Finally, Beaufort Securities reiterated a “buy” rating on shares of Vodafone Group plc in a research note on Monday, September 26th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of GBX 247.50 ($3.23).
Shares of Vodafone Group plc (LON:VOD) opened at 221.750885 on Monday. Vodafone Group plc has a 52 week low of GBX 197.70 and a 52 week high of GBX 240.10. The firm’s market cap is GBX 58.89 billion. The firm has a 50-day moving average of GBX 227.35 and a 200-day moving average of GBX 225.23.
In related news, insider Schellekens,Ronald acquired 114 shares of the company’s stock in a transaction dated Monday, September 12th. The stock was purchased at an average price of GBX 221 ($2.88) per share, with a total value of £251.94 ($328.86). Also, insider Read,Nick sold 400,000 shares of the stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of GBX 235 ($3.07), for a total value of £940,000 ($1,226,993.87).
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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