Vodafone Group plc (VOD) Receives Outperform Rating from Credit Suisse Group
Vodafone Group plc (LON:VOD)‘s stock had its “outperform” rating reissued by equities researchers at Credit Suisse Group in a research report issued on Friday. They presently have a GBX 250 ($3.29) price objective on the cell phone carrier’s stock. Credit Suisse Group’s target price would suggest a potential upside of 15.55% from the stock’s previous close.
Other equities analysts have also issued research reports about the company. UBS AG set a GBX 270 ($3.55) price target on Vodafone Group plc and gave the stock a “buy” rating in a research report on Wednesday, July 5th. Numis Securities Ltd assumed coverage on Vodafone Group plc in a research report on Friday, July 14th. They issued an “add” rating and a GBX 250 ($3.29) price target for the company. HSBC Holdings plc reaffirmed a “hold” rating and issued a GBX 225 ($2.96) price target on shares of Vodafone Group plc in a research report on Tuesday, July 25th. Barclays PLC reaffirmed an “equal weight” rating and issued a GBX 225 ($2.96) price target on shares of Vodafone Group plc in a research report on Tuesday, August 15th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a GBX 300 ($3.94) price target on shares of Vodafone Group plc in a research report on Monday, September 18th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company. Vodafone Group plc presently has a consensus rating of “Hold” and a consensus price target of GBX 245.30 ($3.23).
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In related news, insider Vivek Badrinath acquired 246,071 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The stock was bought at an average cost of GBX 225 ($2.96) per share, for a total transaction of £553,659.75 ($727,924.99).
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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