Credit Suisse Reiterates “Outperform” Rating for Vodafone Group plc (VOD)
Vodafone Group plc (LON:VOD)‘s stock had its “outperform” rating restated by Credit Suisse in a research note issued on Wednesday, American Banking & Market News reports. They currently have a GBX 245 ($4.02) price objective on the stock. Credit Suisse’s target price indicates a potential upside of 10.76% from the stock’s previous close.
Shares of Vodafone Group plc (LON:VOD) traded down 0.23% during mid-day trading on Wednesday, hitting GBX 221.00. 89,676,192 shares of the company’s stock traded hands. Vodafone Group plc has a 1-year low of GBX 159.794 and a 1-year high of GBX 241.05. The stock has a 50-day moving average of GBX 232. and a 200-day moving average of GBX 220.. The company’s market cap is £107.4 billion.
A number of other analysts have also recently weighed in on VOD. Analysts at Goldman Sachs reiterated a “buy” rating on shares of Vodafone Group plc in a research note on Monday. They now have a GBX 275 ($4.51) price target on the stock. Separately, analysts at BNP Paribas reiterated a “neutral” rating on shares of Vodafone Group plc in a research note on Friday, February 7th. They now have a GBX 230 ($3.77) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Vodafone Group plc in a research note on Friday, February 7th. They now have a GBX 258 ($4.23) price target on the stock. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and sixteen have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of GBX 228.33 ($3.75).
Vodafone Group Plc (LON:VOD) is a mobile communications company.
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