Vodafone Group plc (VOD) PT Lowered to GBX 285
Vodafone Group plc (LON:VOD) had its price objective cut by research analysts at JPMorgan Chase & Co. from GBX 295 ($3.69) to GBX 285 ($3.56) in a report released on Wednesday. The brokerage presently has an “overweight” rating on the cell phone carrier’s stock. JPMorgan Chase & Co.’s price objective would suggest a potential upside of 38.79% from the company’s current price.
VOD has been the subject of several other reports. Deutsche Bank AG restated a “buy” rating and issued a GBX 310 ($3.87) price objective on shares of Vodafone Group plc in a research note on Tuesday. Credit Suisse Group AG restated an “outperform” rating and issued a GBX 240 ($3.00) price objective on shares of Vodafone Group plc in a research note on Thursday, October 13th. Goldman Sachs Group Inc. restated a “neutral” rating and issued a GBX 265 ($3.31) price objective on shares of Vodafone Group plc in a research note on Thursday, September 22nd. Societe Generale restated a “sell” rating and issued a GBX 155 ($1.94) price objective on shares of Vodafone Group plc in a research note on Monday, October 10th. Finally, BNP Paribas restated an “outperform” rating and issued a GBX 265 ($3.31) price objective on shares of Vodafone Group plc in a research note on Thursday, October 6th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of GBX 247.13 ($3.09).
Shares of Vodafone Group plc (LON:VOD) opened at 205.35 on Wednesday. The firm’s 50-day moving average price is GBX 219.97 and its 200 day moving average price is GBX 224.43. Vodafone Group plc has a 52 week low of GBX 197.70 and a 52 week high of GBX 240.10. The company’s market cap is GBX 54.54 billion.
In related news, insider Valerie Gooding acquired 16,970 shares of the stock in a transaction dated Tuesday, November 15th. The stock was acquired at an average cost of GBX 206 ($2.57) per share, for a total transaction of £34,958.20 ($43,675.91). Also, insider Schellekens,Ronald acquired 114 shares of the stock in a transaction dated Monday, September 12th. The shares were bought at an average price of GBX 221 ($2.76) per share, with a total value of £251.94 ($314.77).
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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