Vodafone Group plc (LON:VOD) has been given a GBX 295 ($3.65) price objective by stock analysts at JPMorgan Chase & Co. in a research note issued to investors on Wednesday. The brokerage currently has a a “buy” rating on the cell phone carrier’s stock. JPMorgan Chase & Co.’s price objective would indicate a potential upside of 31.76% from the company’s current price.
Several other research analysts also recently weighed in on the stock. Goldman Sachs Group Inc. reissued a “neutral” rating and issued a GBX 275 ($3.40) target price on shares of Vodafone Group plc in a research report on Wednesday. Societe Generale reissued a “sell” rating and issued a GBX 155 ($1.92) target price on shares of Vodafone Group plc in a research report on Monday. Beaufort Securities reissued a “buy” rating on shares of Vodafone Group plc in a research report on Monday. HSBC lowered their price objective on shares of Vodafone Group plc from GBX 280 ($3.47) to GBX 270 ($3.34) and set a “buy” rating on the stock in a research report on Sunday, October 9th. Finally, BNP Paribas reaffirmed an “outperform” rating and set a GBX 265 ($3.28) price objective on shares of Vodafone Group plc in a research report on Thursday, October 6th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the stock. Vodafone Group plc has an average rating of “Hold” and a consensus target price of GBX 248.30 ($3.07).
Shares of Vodafone Group plc (LON:VOD) opened at 223.90 on Wednesday. The firm’s market capitalization is GBX 59.46 billion. The company’s 50-day moving average is GBX 224.52 and its 200-day moving average is GBX 225.59. Vodafone Group plc has a 12-month low of GBX 197.70 and a 12-month high of GBX 240.10.
In other news, insider Schellekens,Ronald purchased 114 shares of the business’s stock in a transaction that occurred on Monday, September 12th. The shares were acquired at an average cost of GBX 221 ($2.74) per share, for a total transaction of £251.94 ($311.81). Also, insider Read,Nick sold 400,000 shares of the stock in a transaction that occurred on 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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