BNP Paribas Reiterates Outperform Rating for Vodafone Group plc (VOD)
Vodafone Group plc (LON:VOD)‘s stock had its “outperform” rating restated by research analysts at BNP Paribas in a research note issued to investors on Thursday. They currently have a GBX 265 ($3.53) target price on the cell phone carrier’s stock. BNP Paribas’ price objective suggests a potential upside of 21.25% from the stock’s current price.
Several other equities research analysts have also recently commented on VOD. JPMorgan Chase & Co. upped their price target on Vodafone Group plc from GBX 275 ($3.66) to GBX 280 ($3.73) and gave the stock an “overweight” rating in a research note on Wednesday, May 18th. Deutsche Bank AG reiterated a “buy” rating and issued a GBX 295 ($3.93) price objective on shares of Vodafone Group plc in a research report on Wednesday, May 18th. HSBC reiterated a “buy” rating and issued a GBX 260 ($3.46) price objective on shares of Vodafone Group plc in a research report on Wednesday, May 18th. Barclays PLC reiterated an “overweight” rating and issued a GBX 260 ($3.46) price objective on shares of Vodafone Group plc in a research report on Wednesday, May 18th. Finally, Royal Bank Of Canada increased their price objective on Vodafone Group plc from GBX 260 ($3.46) to GBX 270 ($3.60) and gave the stock an “outperform” rating in a research report on Wednesday, May 18th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and thirteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 247.08 ($3.29).
Vodafone Group plc (LON:VOD) opened at 221.10 on Thursday. Vodafone Group plc has a 12-month low of GBX 197.70 and a 12-month high of GBX 240.10. The stock’s 50 day moving average price is GBX 229.83 and its 200 day moving average price is GBX 225.00. The stock’s market cap is GBX 58.72 billion.
In related news, insider Schellekens,Ronald acquired 114 shares of Vodafone Group plc stock in a transaction that occurred on Monday, September 12th. The stock was acquired at an average price of GBX 221 ($2.94) per share, for a total transaction of £251.94 ($335.56). Also, insider Read,Nick sold 400,000 shares of the business’s stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of GBX 235 ($3.13), for a total value of £940,000 ($1,251,997.87).
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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