Berenberg Bank Reaffirms “Buy” Rating for Vodafone Group (VOD)
Berenberg Bank reiterated their buy rating on shares of Vodafone Group (LON:VOD) in a research note released on Wednesday. Berenberg Bank currently has a GBX 253 ($3.50) price target on the cell phone carrier’s stock.
A number of other research analysts have also weighed in on the company. Credit Suisse Group reissued an outperform rating and issued a GBX 250 ($3.45) price objective on shares of Vodafone Group in a report on Monday, February 26th. Numis Securities reissued a buy rating and issued a GBX 270 ($3.73) price objective on shares of Vodafone Group in a report on Friday, February 23rd. Barclays set a GBX 280 ($3.87) price objective on Vodafone Group and gave the company a buy rating in a report on Tuesday, February 20th. HSBC reissued a hold rating and issued a GBX 230 ($3.18) price objective on shares of Vodafone Group in a report on Monday, February 19th. Finally, JPMorgan Chase & Co. set a GBX 300 ($4.14) price objective on Vodafone Group and gave the company a buy rating in a report on Monday, February 12th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the stock. The stock currently has an average rating of Buy and an average price target of GBX 255.60 ($3.53).
Vodafone Group (VOD) opened at GBX 199.02 ($2.75) on Wednesday. The firm has a market capitalization of $53,360.00 and a PE ratio of -6,634.00. Vodafone Group has a 1-year low of GBX 197.45 ($2.73) and a 1-year high of GBX 239.65 ($3.31).
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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