Vodafone Group Public (LON:VOD) Price Target Raised to GBX 123

Vodafone Group Public (LON:VOD) had its price target lifted by Berenberg Bank from GBX 119 to GBX 123 in a research report sent to investors on Friday, Marketbeat.com reports. They currently have a buy rating on the cell phone carrier’s stock.

Several other brokerages have also recently commented on VOD. UBS Group reiterated a “sell” rating and issued a GBX 82 target price on shares of Vodafone Group Public in a report on Friday, January 23rd. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Vodafone Group Public from GBX 140 to GBX 150 and gave the company a “buy” rating in a report on Thursday, January 22nd. Finally, JPMorgan Chase & Co. upped their price target on shares of Vodafone Group Public from GBX 71 to GBX 85 and gave the company an “underweight” rating in a research report on Thursday. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of GBX 105.

Vodafone Group Public Trading Down 0.2%

Shares of VOD opened at GBX 107.40 on Friday. The business’s 50-day moving average price is GBX 109.22 and its 200 day moving average price is GBX 97.46. The stock has a market capitalization of £24.86 billion, a P/E ratio of -6.49, a P/E/G ratio of 0.59 and a beta of 0.34. Vodafone Group Public has a 1-year low of GBX 62.40 and a 1-year high of GBX 120.95. The company has a current ratio of 1.17, a quick ratio of 0.78 and a debt-to-equity ratio of 102.06.

About Vodafone Group Public

Vodafone is a leading European and African telecoms company. We provide mobile and fixed services to over 340 million customers in 15 countries, partner with mobile networks in over 40 more and have one of the world’s largest IoT platforms. In Africa, our financial technology businesses serve almost 88 million customers across seven countries – managing more transactions than any other provider.

Our purpose is to connect for a better future by using technology to improve lives, businesses and help progress inclusive sustainable societies.