Vodafone Group plc (VOD) Receives “Conviction-Buy” Rating from Goldman Sachs Group, Inc. (The)
Goldman Sachs Group, Inc. (The) restated their conviction-buy rating on shares of Vodafone Group plc (LON:VOD) in a report released on Monday morning. Goldman Sachs Group, Inc. (The) currently has a GBX 280 ($3.57) price objective on the cell phone carrier’s stock.
A number of other equities research analysts have also recently commented on VOD. HSBC Holdings plc reduced their target price on shares of Vodafone Group plc from GBX 240 ($3.06) to GBX 220 ($2.80) and set a buy rating for the company in a research report on Monday, February 20th. J P Morgan Chase & Co reiterated an overweight rating and issued a GBX 280 ($3.57) target price on shares of Vodafone Group plc in a research report on Tuesday, February 21st. Jefferies Group LLC reiterated a buy rating and issued a GBX 220 ($2.80) target price on shares of Vodafone Group plc in a research report on Tuesday, February 21st. Deutsche Bank AG reiterated a buy rating and issued a GBX 285 ($3.63) target price on shares of Vodafone Group plc in a research report on Wednesday, February 22nd. Finally, Macquarie set a GBX 170 ($2.17) target price on shares of Vodafone Group plc and gave the company a sell rating in a research report on Thursday, March 9th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of Hold and a consensus price target of GBX 241.95 ($3.08).
Shares of Vodafone Group plc (LON:VOD) traded up 0.58% during trading on Monday, hitting GBX 224.10. 27,825,599 shares of the company’s stock were exchanged. The company has a 50-day moving average of GBX 219.69 and a 200-day moving average of GBX 206.43. Vodafone Group plc has a 12-month low of GBX 186.50 and a 12-month high of GBX 240.10. The company’s market cap is GBX 59.66 billion.
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The firm also recently disclosed a dividend, which will be paid on Friday, August 4th. Stockholders of record on Thursday, June 8th will be paid a €0.10 ($0.11) dividend. This represents a dividend yield of 4.05%. The ex-dividend date of this dividend is Thursday, June 8th.
Vodafone Group plc Company Profile
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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