Vodafone Group plc’s “Outperform” Rating Reaffirmed at Credit Suisse (VOD)
Vodafone Group plc (LON:VOD)‘s stock had its “outperform” rating reaffirmed by stock analysts at Credit Suisse in a report issued on Friday. They currently have a GBX 245 ($4.11) price objective on the stock. Credit Suisse’s target price would indicate a potential upside of 20.10% from the company’s current price.
Shares of Vodafone Group plc (LON:VOD) traded up 1.69% during mid-day trading on Friday, hitting GBX 207.45. 29,922,972 shares of the company’s stock traded hands. 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 215.2 and a 200-day moving average of GBX 253.5. The company’s market cap is £54.839 billion.
The company also recently announced a dividend, which is scheduled for Wednesday, August 6th. Stockholders of record on Wednesday, June 11th will be paid a dividend of GBX 7.47 ($0.13) per share. This represents a dividend yield of 3.65%. The ex-dividend date is Wednesday, June 11th.
A number of other firms have also recently commented on VOD. Analysts at Jefferies Group cut their price target on shares of Vodafone Group plc from GBX 240 ($4.02) to GBX 210 ($3.52) in a research note on Friday. They now have a “hold” rating on the stock. Separately, analysts at Berenberg Bank downgraded shares of Vodafone Group plc to a “hold” rating in a research note on Wednesday, May 28th. They now have a GBX 214 ($3.59) price target on the stock, down previously from GBX 265 ($4.44). Finally, analysts at Goldman Sachs raised their price target on shares of Vodafone Group plc from GBX 225 ($3.77) to GBX 240 ($4.02) in a research note on Wednesday, May 28th. They now have a “neutral” rating on the stock. Four equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 230.10 ($3.86).
Vodafone Group Plc (LON:VOD), is a mobile communications company.
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