Vodafone Group plc (VOD) Price Target Raised to GBX 265 at Jefferies Group
Vodafone Group plc (LON:VOD) had its target price increased by Jefferies Group from GBX 260 ($3.17) to GBX 265 ($3.23) in a research report report published on Monday morning. The brokerage currently has a buy rating on the cell phone carrier’s stock.
Several other equities research analysts have also issued reports on the stock. JPMorgan Chase & Co. set a GBX 300 ($3.66) price target on shares of Vodafone Group plc and gave the company a buy rating in a report on Monday, July 11th. Deutsche Bank AG reaffirmed a buy rating and set a GBX 300 ($3.66) price target on shares of Vodafone Group plc in a report on Friday, June 24th. HSBC raised shares of Vodafone Group plc to a buy rating and lifted their price target for the company from GBX 157 ($1.91) to GBX 175 ($2.13) in a report on Thursday, June 23rd. Citigroup Inc. set a GBX 240 ($2.93) price target on shares of Vodafone Group plc and gave the company a buy rating in a report on Monday, June 27th. Finally, Morgan Stanley set a GBX 280 ($3.41) price target on shares of Vodafone Group plc and gave the company a buy rating in a report on Monday, July 25th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of GBX 248.52 ($3.03).
Shares of Vodafone Group plc (LON:VOD) opened at 226.80 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 has a 50-day moving average of GBX 223.84 and a 200 day moving average of GBX 225.70. The company’s market cap is GBX 60.23 billion.
In related news, insider Read,Nick sold 400,000 shares of the company’s stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of GBX 235 ($2.86), for a total value of £940,000 ($1,145,642.90). Also, insider Schellekens,Ronald acquired 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 ($2.69) per share, for a total transaction of £251.94 ($307.06).
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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