JPMorgan Chase & Co. Reiterates GBX 295 Price Target for Vodafone Group plc (VOD)
Vodafone Group plc (LON:VOD) has been given a GBX 295 ($3.65) target price by equities researchers at JPMorgan Chase & Co. in a research note issued to investors on Wednesday. The firm 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 30.53% from the company’s previous close.
VOD has been the topic of several other reports. Credit Suisse Group AG reissued an “outperform” rating and issued a GBX 240 ($2.97) target price on shares of Vodafone Group plc in a report on Wednesday, August 10th. Barclays PLC reissued an “overweight” rating and issued a GBX 265 ($3.28) target price on shares of Vodafone Group plc in a report on Friday, August 26th. Citigroup Inc. lowered shares of Vodafone Group plc to a “neutral” rating and raised their target price for the company from GBX 240 ($2.97) to GBX 245 ($3.03) in a report on Tuesday, July 12th. Haitong Bank reissued a “neutral” rating and issued a GBX 210 ($2.60) target price on shares of Vodafone Group plc in a report on Thursday, August 25th. Finally, Deutsche Bank AG reissued a “buy” rating and issued a GBX 300 ($3.71) target price on shares of Vodafone Group plc in a report on Friday, June 24th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of GBX 248.30 ($3.07).
Vodafone Group plc (LON:VOD) traded down 0.91% during mid-day trading on Wednesday, reaching GBX 223.95. 21,341,370 shares of the company were exchanged. The company’s 50 day moving average price is GBX 225.10 and its 200-day moving average price is GBX 225.62. The stock’s market capitalization is GBX 59.48 billion. Vodafone Group plc has a 12-month low of GBX 197.70 and a 12-month high of GBX 240.10.
In other Vodafone Group plc news, insider Schellekens,Ronald acquired 114 shares of the company’s stock in a transaction on Monday, September 12th. The shares were acquired at an average cost of GBX 221 ($2.74) per share, with a total value of £251.94 ($311.81). Also, insider Read,Nick sold 400,000 shares of the company’s stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of GBX 235 ($2.91), for a total transaction of £940,000 ($1,163,366.34).
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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