Vodafone Group plc (VOD) Given a GBX 295 Price Target by JPMorgan Chase & Co. Analysts
Vodafone Group plc (LON:VOD) has been given a GBX 295 ($3.85) price objective by JPMorgan Chase & Co. in a research note issued to investors on Wednesday. The brokerage presently has a a “buy” rating on the cell phone carrier’s stock. JPMorgan Chase & Co.’s target price would indicate a potential upside of 29.50% from the stock’s current price.
Several other brokerages have also issued reports on VOD. Goldman Sachs Group Inc. restated a “neutral” rating and set a GBX 265 ($3.46) target price on shares of Vodafone Group plc in a research report on Thursday, September 22nd. Haitong Bank restated a “neutral” rating and set a GBX 210 ($2.74) target price on shares of Vodafone Group plc in a research report on Tuesday, June 7th. Credit Suisse Group AG restated an “outperform” rating and set a GBX 240 ($3.13) target price on shares of Vodafone Group plc in a research report on Wednesday, July 13th. Deutsche Bank AG restated a “buy” rating and set a GBX 310 ($4.05) target price on shares of Vodafone Group plc in a research report on Tuesday, July 26th. Finally, HSBC upgraded Vodafone Group plc to a “buy” rating and boosted their target price for the company from GBX 157 ($2.05) to GBX 175 ($2.28) in a research report on Thursday, June 23rd. 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 company has a consensus rating of “Hold” and an average target price of GBX 247.29 ($3.23).
Shares of Vodafone Group plc (LON:VOD) opened at 225.05 on Wednesday. The company’s 50-day moving average price is GBX 226.53 and its 200-day moving average price is GBX 225.34. Vodafone Group plc has a one year low of GBX 197.70 and a one year high of GBX 240.10. The company’s market capitalization is GBX 59.77 billion.
In other news, insider Schellekens,Ronald bought 114 shares of the stock in a transaction dated Monday, September 12th. The shares were acquired at an average cost 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 dated Friday, July 22nd. The stock was sold at an average price of GBX 235 ($3.07), for a total transaction of £940,000 ($1,226,993.87).
About Vodafone Group plc
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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