Vodafone Group plc (VOD) Given Buy Rating at Jefferies Group
Jefferies Group reiterated their buy rating on shares of Vodafone Group plc (LON:VOD) in a report released on Friday. The brokerage currently has a GBX 260 ($3.39) price objective on the cell phone carrier’s stock.
VOD has been the subject of several other research reports. Barclays PLC reaffirmed an overweight rating and set a GBX 265 ($3.46) price objective on shares of Vodafone Group plc in a research note on Friday, August 26th. Deutsche Bank AG reissued a buy rating and issued a GBX 310 ($4.05) price target on shares of Vodafone Group plc in a research note on Tuesday, September 6th. Macquarie dropped their price target on shares of Vodafone Group plc from GBX 225 ($2.94) to GBX 200 ($2.61) and set a neutral rating for the company in a research note on Tuesday, September 20th. BNP Paribas reissued an outperform rating and issued a GBX 265 ($3.46) price target on shares of Vodafone Group plc in a research note on Thursday, September 15th. Finally, Goldman Sachs Group Inc. set a GBX 265 ($3.46) price target on shares of Vodafone Group plc and gave the company a neutral rating in a research note on Wednesday, September 28th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of GBX 247.50 ($3.23).
Vodafone Group plc (LON:VOD) traded up 1.04% during trading on Friday, reaching GBX 224.05. The company had a trading volume of 29,712,739 shares. The stock has a 50 day moving average of GBX 227.35 and a 200-day moving average of GBX 225.23. Vodafone Group plc has a 12-month low of GBX 197.70 and a 12-month high of GBX 240.10. The stock’s market capitalization is GBX 59.50 billion.
In related news, insider Read,Nick sold 400,000 shares of the stock in a transaction dated 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). Also, insider Schellekens,Ronald bought 114 shares of the firm’s stock in a transaction that occurred on Monday, September 12th. The stock was bought at an average price of GBX 221 ($2.88) per share, with a total value of £251.94 ($328.86).
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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