Vodafone Group plc (VOD) Price Target Raised to GBX 259
Vodafone Group plc (LON:VOD) had its price target upped by equities research analysts at Berenberg Bank from GBX 250 ($3.16) to GBX 259 ($3.28) in a report issued on Monday, MarketBeat Ratings reports. The firm presently has a “buy” rating on the cell phone carrier’s stock. Berenberg Bank’s price target suggests a potential upside of 15.50% from the company’s current price.
VOD has been the subject of several other reports. Sanford C. Bernstein set a GBX 265 ($3.35) price target on Vodafone Group plc and gave the stock a “buy” rating in a report on Tuesday, May 30th. Jefferies Group LLC set a GBX 232 ($2.93) price target on Vodafone Group plc and gave the stock a “buy” rating in a report on Saturday, May 20th. Credit Suisse Group restated an “outperform” rating and issued a GBX 225 ($2.85) price target on shares of Vodafone Group plc in a report on Wednesday, April 19th. Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 285 ($3.61) price objective on shares of Vodafone Group plc in a research report on Monday, March 20th. Finally, Goldman Sachs Group, Inc. (The) set a GBX 270 ($3.42) price objective on Vodafone Group plc and gave the stock a “buy” rating in a research report on Monday, April 3rd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the stock. Vodafone Group plc presently has a consensus rating of “Hold” and a consensus price target of GBX 241.95 ($3.06).
Shares of Vodafone Group plc (VOD) traded up 1.45% during midday trading on Monday, reaching GBX 224.25. The company’s stock had a trading volume of 64,799,612 shares. The stock has a 50-day moving average of GBX 216.72 and a 200 day moving average of GBX 205.50. The company’s market cap is GBX 1.92 billion. Vodafone Group plc has a 12 month low of GBX 186.50 and a 12 month high of GBX 240.10.
The firm also recently announced a dividend, which will be paid on Friday, August 4th. Shareholders of record on Thursday, June 8th will be issued a €0.10 ($0.11) dividend. This represents a dividend yield of 4.05%. The ex-dividend date is Thursday, June 8th.
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About Vodafone Group plc
Vodafone Group Plc (Vodafone) is a telecommunications company. The Company’s business is organized into two geographic regions: Europe, and Africa, Middle East and Asia Pacific (AMAP). Its segments include Europe and AMAP. Its Europe segment includes geographic regions, such as Germany, Italy, the United Kingdom, Spain and Other Europe.
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