Numis Securities Ltd Begins Coverage on Vodafone Group plc (LON:VOD)
Numis Securities Ltd initiated coverage on shares of Vodafone Group plc (LON:VOD) in a research report sent to investors on Friday, July 14th, Marketbeat reports. The firm issued an add rating and a GBX 250 ($3.26) price target on the cell phone carrier’s stock.
Other equities research analysts have also recently issued reports about the stock. Credit Suisse Group reissued an outperform rating and issued a GBX 225 ($2.93) price objective on shares of Vodafone Group plc in a research report on Wednesday, April 19th. Goldman Sachs Group, Inc. (The) set a GBX 270 ($3.52) price objective on shares of Vodafone Group plc and gave the stock a buy rating in a research note on Monday, April 3rd. Barclays PLC set a GBX 225 ($2.93) price target on shares of Vodafone Group plc and gave the company a buy rating in a research note on Tuesday, March 21st. J P Morgan Chase & Co restated an overweight rating and set a GBX 280 ($3.65) price target on shares of Vodafone Group plc in a research note on Tuesday, March 21st. Finally, S&P Global set a GBX 230 ($3.00) price target on shares of Vodafone Group plc and gave the company a neutral rating in a research note on Saturday, May 20th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the stock. Vodafone Group plc presently has a consensus rating of Hold and an average target price of GBX 245.13 ($3.19).
Vodafone Group plc (LON VOD) traded down 0.51% during trading on Friday, reaching GBX 225.45. 33,595,156 shares of the company were exchanged. Vodafone Group plc has a 1-year low of GBX 186.50 and a 1-year high of GBX 240.10. The company’s 50-day moving average price is GBX 221.34 and its 200-day moving average price is GBX 211.27. The stock’s market capitalization is GBX 60.02 billion.
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The business also recently disclosed a dividend, which was paid on Friday, August 4th. Shareholders of record on Thursday, June 8th were issued a dividend of €0.10 ($0.12) per share. The ex-dividend date of this dividend was Thursday, June 8th. This represents a yield of 4.05%.
In other Vodafone Group plc news, insider Vivek Badrinath bought 246,071 shares of the business’s stock in a transaction dated Friday, August 4th. The shares were acquired at an average cost of GBX 225 ($2.93) per share, with a total value of £553,659.75 ($721,005.01). Also, insider Nick Read sold 574,525 shares of Vodafone Group plc stock in a transaction on Monday, June 26th. The shares were sold at an average price of GBX 224 ($2.92), for a total transaction of £1,286,936 ($1,675,916.13).
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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