Numis Securities Ltd Reaffirms Add Rating for Vodafone Group plc (LON:VOD)

Vodafone Group plc (LON:VOD)‘s stock had its “add” rating reaffirmed by analysts at Numis Securities Ltd in a report issued on Wednesday. They currently have a GBX 250 ($3.26) target price on the cell phone carrier’s stock. Numis Securities Ltd’s price objective indicates a potential upside of 13.61% from the stock’s previous close.

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VOD has been the topic of several other reports. Sanford C. Bernstein set a GBX 265 ($3.45) price target on Vodafone Group plc and gave the stock a “buy” rating in a report on Tuesday, May 30th. Societe Generale reiterated a “sell” rating and issued a GBX 150 ($1.95) price target on shares of Vodafone Group plc in a report on Monday. Jefferies Group LLC set a GBX 232 ($3.02) price target on Vodafone Group plc and gave the stock a “buy” rating in a report on Saturday, May 20th. Credit Suisse Group reiterated an “outperform” rating and issued a GBX 225 ($2.93) price target on shares of Vodafone Group plc in a report on Wednesday, April 19th. Finally, Deutsche Bank AG increased their price target on Vodafone Group plc from GBX 285 ($3.71) to GBX 300 ($3.91) and gave the stock a “buy” rating in a report on Monday, June 12th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the company. Vodafone Group plc presently has an average rating of “Hold” and an average price target of GBX 244.29 ($3.18).

Vodafone Group plc (LON:VOD) opened at 222.10 on Wednesday. Vodafone Group plc has a 1-year low of GBX 186.50 and a 1-year high of GBX 240.10. The stock’s 50 day moving average price is GBX 222.25 and its 200 day moving average price is GBX 210.32. The stock’s market capitalization is GBX 59.13 billion.

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In other news, insider Nick Read sold 574,525 shares of the firm’s stock in a transaction on Monday, June 26th. The stock was sold at an average price of GBX 224 ($2.92), for a total value of £1,286,936 ($1,676,571.13).

About Vodafone Group plc

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.