Jefferies Group reiterated their buy rating on shares of Vodafone Group plc (LON:VOD) in a report released on Friday. The firm currently has a GBX 260 ($3.39) price target on the cell phone carrier’s stock.
VOD has been the topic of a number of other research reports. Citigroup Inc. set a GBX 240 ($3.13) price objective on shares of Vodafone Group plc and gave the stock a buy rating in a report on Monday, June 27th. Beaufort Securities reissued a buy rating on shares of Vodafone Group plc in a report on Tuesday, June 7th. Berenberg Bank reissued a buy rating and set a GBX 250 ($3.26) price objective on shares of Vodafone Group plc in a report on Thursday, June 2nd. Deutsche Bank AG reissued a buy rating and set a GBX 300 ($3.92) price objective on shares of Vodafone Group plc in a report on Friday, June 24th. Finally, HSBC raised shares of Vodafone Group plc to a buy rating and boosted their price objective for the stock from GBX 157 ($2.05) to GBX 175 ($2.28) in a report on Thursday, June 23rd. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of GBX 248.30 ($3.24).
Shares of Vodafone Group plc (LON:VOD) opened at 225.05 on Friday. The firm has a 50-day moving average of GBX 226.13 and a 200-day moving average of GBX 225.40. Vodafone Group plc has a 12-month low of GBX 197.70 and a 12-month high of GBX 240.10. The firm’s market cap is GBX 59.77 billion.
In other Vodafone Group plc news, insider Schellekens,Ronald acquired 114 shares of the firm’s stock in a transaction on Monday, September 12th. The stock was bought at an average cost of GBX 221 ($2.88) per share, for a total transaction of £251.94 ($328.86). Also, insider Read,Nick sold 400,000 shares of the business’s stock in a transaction that occurred on 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).
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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