Vodafone Group Public (LON:VOD) Price Target Raised to GBX 85 at JPMorgan Chase & Co.

Vodafone Group Public (LON:VOD) had its target price upped by equities research analysts at JPMorgan Chase & Co. from GBX 71 to GBX 85 in a report issued on Thursday,London Stock Exchange reports. The firm presently has an “underweight” rating on the cell phone carrier’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential downside of 20.78% from the stock’s previous close.

A number of other equities analysts have also recently weighed in on VOD. Deutsche Bank Aktiengesellschaft boosted their price target on Vodafone Group Public from GBX 140 to GBX 150 and gave the stock a “buy” rating in a report on Thursday, January 22nd. UBS Group reiterated a “sell” rating and set a GBX 82 price objective on shares of Vodafone Group Public in a research report on Friday, January 23rd. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of GBX 96.80.

Vodafone Group Public Price Performance

Shares of Vodafone Group Public stock traded down GBX 1.90 during trading on Thursday, hitting GBX 107.30. 2,147,000,000 shares of the company were exchanged, compared to its average volume of 119,195,406. Vodafone Group Public has a fifty-two week low of GBX 62.40 and a fifty-two week high of GBX 120.95. The company has a quick ratio of 0.78, a current ratio of 1.17 and a debt-to-equity ratio of 102.06. The firm has a 50 day moving average price of GBX 109.03 and a 200 day moving average price of GBX 97.11. The stock has a market capitalization of £24.84 billion, a price-to-earnings ratio of -6.48, a P/E/G ratio of 0.59 and a beta of 0.34.

Vodafone Group Public Company Profile

Vodafone is a leading European and African telecoms company. We provide mobile and fixed services to over 340 million customers in 15 countries, partner with mobile networks in over 40 more and have one of the world’s largest IoT platforms. In Africa, our financial technology businesses serve almost 88 million customers across seven countries – managing more transactions than any other provider.

Our purpose is to connect for a better future by using technology to improve lives, businesses and help progress inclusive sustainable societies.