Trading Report: Today, Jefferies Group Boosts Vodafone Group plc (VOD) Price Target to GBX 265

Today, Jefferies Group Boosts Vodafone Group plc (VOD) Price Target to GBX 265

Vodafone Group plc (LON:VOD) had its price objective increased by equities researchers at Jefferies Group from GBX 260 ($3.22) to GBX 265 ($3.28) in a note issued to investors on Monday. The brokerage presently has a ” buy” rating on the cell phone carrier’s stock. Jefferies Group’s price target points to a potential upside of 17.45% from the stock’s previous close.

A number of other research firms have also recently commented on VOD. Goldman Sachs Group Inc. reissued a “neutral” rating and issued a GBX 265 ($3.28) price target on shares of Vodafone Group plc in a research note on Thursday, September 22nd. Haitong Bank reissued a “neutral” rating and issued a GBX 210 ($2.60) price target on shares of Vodafone Group plc in a research note on Friday, July 22nd. HSBC cut their price target on shares of Vodafone Group plc from GBX 280 ($3.47) to GBX 270 ($3.34) and set a “buy” rating for the company in a research note on Sunday, October 9th. Credit Suisse Group AG reissued an “outperform” rating and issued a GBX 240 ($2.97) price target on shares of Vodafone Group plc in a research note on Wednesday, July 13th. Finally, Deutsche Bank AG reissued a “buy” rating and issued a GBX 310 ($3.84) price target on shares of Vodafone Group plc in a research note on Tuesday, July 26th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of GBX 248.52 ($3.08).

Vodafone Group plc (LON:VOD) opened at 224.5522 on Monday. Vodafone Group plc has a 12-month low of GBX 197.70 and a 12-month high of GBX 240.10. The firm has a 50-day moving average of GBX 224.30 and a 200 day moving average of GBX 225.59. The company’s market capitalization is GBX 59.64 billion.

In other Vodafone Group plc news, insider Read,Nick sold 400,000 shares of the firm’s 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). Also, insider Schellekens,Ronald bought 114 shares of the firm’s stock in a transaction on Monday, September 12th. The shares were purchased at an average price of GBX 221 ($2.74) per share, for a total transaction of £251.94 ($311.81).

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