Vodafone Group plc Price Target Raised to GBX 240 at Goldman Sachs (VOD)
Equities researchers at Goldman Sachs upped their price objective on shares of Vodafone Group plc (LON:VOD) from GBX 225 ($3.79) to GBX 240 ($4.04) in a research report issued on Wednesday. The firm currently has a “neutral” rating on the stock. Goldman Sachs’ price objective would indicate a potential upside of 15.31% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, analysts at Berenberg Bank reiterated a “buy” rating on shares of Vodafone Group plc in a research note on Tuesday. They now have a GBX 265 ($4.46) price target 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 equities 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 stock. The company presently has an average rating of “Hold” and an average price target of GBX 230.73 ($3.88).
Vodafone Group plc (LON:VOD) traded up 0.77% during mid-day trading on Wednesday, hitting GBX 209.75. The stock had a trading volume of 36,288,896 shares. Vodafone Group plc has a 1-year low of GBX 174.60 and a 1-year 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 £55.447 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.
Vodafone Group Plc (LON:VOD), is a mobile communications company.
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