UBS AG Reiterates Buy Rating for Vodafone Group plc (VOD)
Vodafone Group plc (LON:VOD)‘s stock had its “buy” rating reaffirmed by investment analysts at UBS AG in a note issued to investors on Friday, American Banking News reports. They currently have a GBX 260 ($4.27) price objective on the stock. UBS AG’s price objective would indicate a potential upside of 19.05% from the company’s current price.
Shares of Vodafone Group plc (LON:VOD) traded down 1.38% on Friday, hitting GBX 218.40. The stock had a trading volume of 130,897,480 shares. Vodafone Group plc has a 1-year low of GBX 159.794 and a 1-year high of GBX 241.05. The stock’s 50-day moving average is GBX 231.0 and its 200-day moving average is GBX 220.4. The company’s market cap is £106.1 billion.
VOD has been the subject of a number of other recent research reports. Analysts at Espirito Santo Investment Bank Research reiterated a “sell” rating on shares of Vodafone Group plc in a research note on Friday. They now have a GBX 238 ($3.90) price target on the stock. Separately, analysts at Societe Generale reiterated a “sell” rating on shares of Vodafone Group plc in a research note on Friday. They now have a GBX 130 ($2.13) price target on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Vodafone Group plc in a research note on Wednesday. They now have a GBX 245 ($4.02) price target on the stock. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and sixteen have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of GBX 228.33 ($3.75).
Vodafone Group Plc (LON:VOD) is a mobile communications company.
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