Vodafone Group plc Downgraded to “Hold” at Berenberg Bank (VOD)
Vodafone Group plc (LON:VOD) was downgraded by equities research analysts at Berenberg Bank to a “hold” rating in a research note issued to investors on Wednesday. They currently have a GBX 214 ($3.60) price target on the stock, down from their previous price target of GBX 265 ($4.46). Berenberg Bank’s target price would suggest a potential upside of 2.82% from the company’s current price.
Vodafone Group plc (LON:VOD) traded up 0.82% during mid-day trading on Wednesday, hitting GBX 209.85. The stock had a trading volume of 29,888,492 shares. Vodafone Group plc has a 52 week low of GBX 174.60 and a 52 week high of GBX 267.00. The stock has a 50-day moving average of GBX 216.6 and a 200-day moving average of GBX 257.1. The company’s market cap is £55.474 billion.
The company also recently declared a dividend, which is scheduled for Wednesday, August 6th. Investors of record on Wednesday, June 11th will be given a dividend of GBX 7.47 ($0.13) per share. This represents a yield of 3.65%. The ex-dividend date of this dividend is Wednesday, June 11th.
A number of other firms have also recently commented on VOD. Analysts at Goldman Sachs raised their price target on shares of Vodafone Group plc from GBX 225 ($3.79) to GBX 240 ($4.04) in a research note on Wednesday. They now have a “neutral” rating on the stock. Separately, analysts at Nomura cut their price target on shares of Vodafone Group plc from GBX 240 ($4.04) to GBX 200 ($3.37) in a research note on Wednesday. They now have a “neutral” rating on the stock. Finally, analysts at BNP Paribas reiterated a “neutral” rating on shares of Vodafone Group plc in a research note on Wednesday, May 21st. They now have a GBX 235 ($3.96) price target on the stock. Four research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and thirteen have given a buy rating to the company. Vodafone Group plc has an average rating of “Hold” and an average target price of GBX 230.73 ($3.88).
Vodafone Group Plc (LON:VOD), is a mobile communications company.
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