Deutsche Bank AG Reiterates GBX 310 Price Target for Vodafone Group plc (VOD)
Vodafone Group plc (LON:VOD) has been assigned a GBX 310 ($4.05) price target by investment analysts at Deutsche Bank AG in a research report issued to clients and investors on Thursday. The brokerage presently has a a “buy” rating on the cell phone carrier’s stock. Deutsche Bank AG’s target price suggests a potential upside of 38.39% from the company’s current price.
Several other equities research analysts have also weighed in on VOD. Haitong Bank reissued a “neutral” rating and issued a GBX 210 ($2.74) price objective on shares of Vodafone Group plc in a report on Tuesday, May 31st. Berenberg Bank reissued a “buy” rating and issued a GBX 250 ($3.26) price objective on shares of Vodafone Group plc in a report on Thursday, June 2nd. Beaufort Securities reissued a “buy” rating on shares of Vodafone Group plc in a report on Tuesday, June 7th. Jefferies Group reissued a “buy” rating and issued a GBX 265 ($3.46) price objective on shares of Vodafone Group plc in a report on Thursday, June 9th. Finally, Macquarie lowered Vodafone Group plc to a “neutral” rating and decreased their price objective for the stock from GBX 235 ($3.07) to GBX 225 ($2.94) in a report on Monday, June 13th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 246.04 ($3.21).
Vodafone Group plc (LON:VOD) opened at 224.90 on Thursday. The company’s market cap is GBX 59.73 billion. Vodafone Group plc has a 12-month low of GBX 197.70 and a 12-month high of GBX 240.10. The stock has a 50 day moving average of GBX 229.15 and a 200-day moving average of GBX 225.02.
In other news, insider Read,Nick sold 400,000 shares of the stock in a transaction on Friday, July 22nd. The stock was sold at an average price of GBX 235 ($3.07), for a total value of £940,000 ($1,226,993.87). Also, insider Schellekens,Ronald bought 114 shares of the business’s stock in a transaction dated Monday, September 12th. The stock was bought at an average cost of GBX 221 ($2.88) per share, for a total transaction of £251.94 ($328.86).
Vodafone Group plc Company Profile
Vodafone Group Plc (Vodafone) is a mobile communications company which provides services to mobile voice, messaging, data and fixed line. The Company’s money transfer service, M-Pesa, enables people in emerging markets, to send and receive money through a mobile phone. The Company also has products such as international money transfer, savings and loans, salary disbursements and access to insurance products in different markets.
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