Vodafone Group plc (LON:VOD) shares shot up 1.3% during mid-day trading on Monday . The company traded as high as GBX 209.75 ($2.83) and last traded at GBX 209.05 ($2.82). 53,230,493 shares changed hands during trading, an increase of 23% from the average session volume of 43,178,400 shares. The stock had previously closed at GBX 206.45 ($2.78).
A number of brokerages recently issued reports on VOD. UBS AG set a GBX 270 ($3.64) price target on Vodafone Group plc and gave the company a “buy” rating in a report on Wednesday, July 5th. Deutsche Bank AG reiterated a “buy” rating and set a GBX 300 ($4.04) target price on shares of Vodafone Group plc in a report on Wednesday, August 9th. Macquarie reiterated an “underperform” rating on shares of Vodafone Group plc in a report on Monday. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a GBX 285 ($3.84) target price on shares of Vodafone Group plc in a report on Tuesday, September 12th. Finally, J P Morgan Chase & Co reiterated an “overweight” rating and set a GBX 275 ($3.71) target price on shares of Vodafone Group plc in a report on Tuesday, September 12th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 246.13 ($3.32).
The firm’s market capitalization is GBX 55.65 billion. The company’s 50-day moving average price is GBX 219.01 and its 200 day moving average price is GBX 215.39.
In related news, insider Vivek Badrinath purchased 246,071 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The stock was acquired at an average price of GBX 225 ($3.03) per share, for a total transaction of £553,659.75 ($746,473.98). Also, insider Nick Read sold 574,525 shares of Vodafone Group plc stock in a transaction on Monday, June 26th. The stock was sold at an average price of GBX 224 ($3.02), for a total transaction of £1,286,936 ($1,735,116.62).
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Vodafone Group plc Company Profile
Vodafone Group Plc (Vodafone) is a telecommunications company. The Company’s business is organized into two geographic regions: Europe, and Africa, Middle East and Asia Pacific (AMAP). Its segments include Europe and AMAP. Its Europe segment includes geographic regions, such as Germany, Italy, the United Kingdom, Spain and Other Europe.
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