Vodafone Group plc (VOD) Rating Reiterated by Deutsche Bank AG
Vodafone Group plc (LON:VOD)‘s stock had its “buy” rating reissued by analysts at Deutsche Bank AG in a report issued on Wednesday, July 12th, MarketBeat.com reports. They presently have a GBX 300 ($3.91) price objective on the cell phone carrier’s stock. Deutsche Bank AG’s target price points to a potential upside of 32.39% from the stock’s current price.
Several other research firms have also recently weighed in on VOD. Sanford C. Bernstein set a GBX 265 ($3.45) target price on shares of Vodafone Group plc and gave the company a “buy” rating in a research note on Tuesday, May 30th. Goldman Sachs Group, Inc. (The) set a GBX 280 ($3.65) target price on shares of Vodafone Group plc and gave the company a “buy” rating in a research note on Thursday, May 25th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 259 ($3.37) price target on shares of Vodafone Group plc in a report on Tuesday, June 20th. BNP Paribas raised their price target on Vodafone Group plc from GBX 225 ($2.93) to GBX 235 ($3.06) and gave the company a “neutral” rating in a report on Thursday, May 18th. Finally, Jefferies Group LLC set a GBX 232 ($3.02) price target on Vodafone Group plc and gave the company a “buy” rating in a report on Saturday, May 20th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Vodafone Group plc presently has an average rating of “Hold” and a consensus price target of GBX 245.13 ($3.19).
Shares of Vodafone Group plc (LON:VOD) opened at 226.60 on Wednesday. The stock has a 50 day moving average of GBX 221.23 and a 200-day moving average of GBX 211.13. The firm’s market capitalization is GBX 60.33 billion. Vodafone Group plc has a 52 week low of GBX 186.50 and a 52 week high of GBX 240.10.
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In other news, insider Vivek Badrinath purchased 246,071 shares of Vodafone Group plc stock in a transaction dated Friday, August 4th. The shares were bought at an average cost of GBX 225 ($2.93) per share, for a total transaction of £553,659.75 ($721,005.01). Also, insider Nick Read sold 574,525 shares of the business’s stock in a transaction dated Monday, June 26th. The stock was sold at an average price of GBX 224 ($2.92), for a total value of £1,286,936 ($1,675,916.13).
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.
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