JPMorgan Chase & Co. Reiterates Overweight Rating for Vodafone Group (VOD)

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JPMorgan Chase & Co. reissued their overweight rating on shares of Vodafone Group (LON:VOD) in a research report report published on Wednesday morning, Marketbeat.com reports. The firm currently has a GBX 240 ($3.14) price objective on the cell phone carrier’s stock, down from their prior price objective of GBX 280 ($3.66).

Several other equities research analysts have also recently issued reports on VOD. Credit Suisse Group set a GBX 225 ($2.94) price objective on shares of Vodafone Group and gave the stock a buy rating in a research report on Monday, October 8th. Sanford C. Bernstein upgraded shares of Vodafone Group to an outperform rating and set a GBX 230 ($3.01) price objective for the company in a research report on Wednesday, September 5th. Bank of America set a GBX 202 ($2.64) price objective on shares of Vodafone Group and gave the stock a neutral rating in a research report on Thursday, August 30th. Deutsche Bank restated a buy rating and set a GBX 265 ($3.46) price objective on shares of Vodafone Group in a research report on Friday, September 28th. Finally, Barclays set a GBX 220 ($2.87) price objective on shares of Vodafone Group and gave the stock a buy rating in a research report on Friday, October 5th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the stock. Vodafone Group has a consensus rating of Hold and a consensus target price of GBX 222.62 ($2.91).

Shares of LON VOD opened at GBX 143.92 ($1.88) on Wednesday. Vodafone Group has a 52 week low of GBX 197.45 ($2.58) and a 52 week high of GBX 239.65 ($3.13).

In related news, insider Dame Clara Furse purchased 6,382 shares of the company’s stock in a transaction on Monday, September 3rd. The stock was acquired at an average cost of GBX 166 ($2.17) per share, for a total transaction of £10,594.12 ($13,843.09). Also, insider Margherita D. Valle purchased 180,182 shares of the company’s stock in a transaction on Friday, September 7th. The shares were bought at an average price of GBX 165 ($2.16) per share, with a total value of £297,300.30 ($388,475.50). Over the last quarter, insiders have acquired 236,564 shares of company stock valued at $39,189,442.

About Vodafone Group

Vodafone Group Plc engages in telecommunication services in Europe, Africa, the Middle East, and the Asia Pacific. The company's consumer products include mobile services, such as call, text, and data; broadband; television offerings and voice; mobile money services through M-pesa; Giga TV, an advanced digital service; and converged communication solutions, such as GigaKombi, Vodafone One Net Enterprise, Vodafone One, and Vodafone Meet Anywhere.

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Analyst Recommendations for Vodafone Group (LON:VOD)

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