Vodafone Group (LON:VOD) received a GBX 235 ($3.07) target price from equities research analysts at Sanford C. Bernstein in a note issued to investors on Thursday. The brokerage presently has a “buy” rating on the cell phone carrier’s stock. Sanford C. Bernstein’s price target would indicate a potential upside of 44.37% from the stock’s previous close.

A number of other research firms also recently weighed in on VOD. Credit Suisse Group reissued an “outperform” rating on shares of Vodafone Group in a research report on Thursday, August 23rd. BNP Paribas set a GBX 176 ($2.30) target price on shares of Vodafone Group and gave the company a “buy” rating in a research report on Wednesday, November 28th. Berenberg Bank set a GBX 243 ($3.18) target price on shares of Vodafone Group and gave the company a “buy” rating in a research report on Wednesday, November 28th. Barclays set a GBX 240 ($3.14) target price on shares of Vodafone Group and gave the company a “buy” rating in a research report on Thursday, August 30th. Finally, Bank of America set a GBX 202 ($2.64) target price on shares of Vodafone Group and gave the company a “neutral” rating in a research report on Thursday, August 30th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of GBX 216.30 ($2.83).

LON:VOD opened at GBX 162.78 ($2.13) on Thursday. Vodafone Group has a fifty-two week low of GBX 197.45 ($2.58) and a fifty-two week high of GBX 239.65 ($3.13).

In other news, insider Maria Amparo Moraleda Martinez bought 1,570 shares of the business’s stock in a transaction that occurred on Monday, November 26th. The shares were bought at an average cost of GBX 158 ($2.06) per share, for a total transaction of £2,480.60 ($3,241.34). Also, insider Michel Demare bought 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 18th. The stock was purchased at an average price of GBX 168 ($2.20) per share, for a total transaction of £84,000 ($109,760.88).

About Vodafone Group

Vodafone Group Plc engages in telecommunication services in Europe, Africa, the Middle East, and the Asia Pacific. The company's consumer products include mobile services, such as call, text, and data; broadband; television offerings and voice; mobile money services through M-pesa; Giga TV, an advanced digital service; and converged communication solutions, such as GigaKombi, Vodafone One Net Enterprise, Vodafone One, and Vodafone Meet Anywhere.

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Analyst Recommendations for Vodafone Group (LON:VOD)

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