Vodafone Group plc (LON:VOD) has been assigned a GBX 240 ($3.18) price target by investment analysts at Berenberg Bank in a research report issued to clients and investors on Friday. The brokerage currently has a “buy” rating on the cell phone carrier’s stock. Berenberg Bank’s price target would suggest a potential upside of 13.23% from the company’s current price.

Other research analysts also recently issued research reports about the company. Numis Securities Ltd assumed coverage on Vodafone Group plc in a research note on Friday, July 14th. They issued an “add” rating and a GBX 250 ($3.32) target price for the company. UBS AG set a GBX 270 ($3.58) target price on Vodafone Group plc and gave the stock a “buy” rating in a research note on Wednesday, July 5th. HSBC Holdings plc restated a “hold” rating and issued a GBX 225 ($2.98) target price on shares of Vodafone Group plc in a research note on Tuesday, July 25th. Barclays PLC restated an “equal weight” rating and issued a GBX 225 ($2.98) target price on shares of Vodafone Group plc in a research note on Tuesday, August 15th. Finally, Deutsche Bank AG restated a “buy” rating and issued a GBX 300 ($3.98) target price on shares of Vodafone Group plc in a research note on Monday, September 18th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of GBX 245.30 ($3.25).

Shares of Vodafone Group plc (LON:VOD) opened at 212.55 on Friday. Vodafone Group plc has a 52-week low of GBX 186.50 and a 52-week high of GBX 233.90. The company’s market cap is GBX 56.59 billion. The company’s 50-day moving average is GBX 213.99 and its 200 day moving average is GBX 215.74.

WARNING: This story was published by American Banking News and is owned by of American Banking News. If you are reading this story on another publication, it was stolen and republished in violation of US and international copyright & trademark legislation. The correct version of this story can be read at https://www.americanbankingnews.com/2017/10/06/berenberg-bank-reiterates-gbx-240-price-target-for-vodafone-group-plc-vod.html.

In other news, insider Vivek Badrinath purchased 246,071 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The shares were bought at an average cost of GBX 225 ($2.98) per share, for a total transaction of £553,659.75 ($734,394.15).

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.

Analyst Recommendations for Vodafone Group plc (LON:VOD)

Receive News & Ratings for Vodafone Group plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vodafone Group plc and related companies with MarketBeat.com's FREE daily email newsletter.