Credit Suisse Group set a GBX 190 ($2.48) target price on Vodafone Group (LON:VOD) in a research report report published on Wednesday morning, Borsen Zeitung reports. The firm currently has a buy rating on the cell phone carrier’s stock.
VOD has been the topic of several other reports. Barclays reaffirmed an underweight rating on shares of in a research report on Thursday, July 4th. Deutsche Bank dropped their price target on from GBX 217 ($2.84) to GBX 175 ($2.29) and set a sell rating on the stock in a research report on Monday, June 24th. Macquarie set a €13.50 ($15.70) price target on Deutsche Telekom and gave the stock a neutral rating in a research report on Thursday, June 13th. HSBC reaffirmed a hold rating on shares of MARKS & SPENCER/S in a research report on Friday, May 24th. Finally, Citigroup reaffirmed an average rating on shares of Stoneridge in a research report on Tuesday, May 7th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of GBX 185.06 ($2.42).
VOD opened at GBX 131.74 ($1.72) on Wednesday. The stock has a 50 day moving average of GBX 129.43. Vodafone Group has a twelve month low of GBX 122.22 ($1.60) and a twelve month high of GBX 190.20 ($2.49). The company has a current ratio of 1.55, a quick ratio of 1.39 and a debt-to-equity ratio of 90.23. The firm has a market cap of $35.21 billion and a price-to-earnings ratio of -4.67.
In other news, insider Nick Read acquired 387,888 shares of the stock in a transaction dated Wednesday, June 26th. The shares were acquired at an average cost of GBX 125 ($1.63) per share, for a total transaction of £484,860 ($633,555.47). Also, insider Margherita D. Valle sold 109,102 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of GBX 129 ($1.69), for a total value of £140,741.58 ($183,903.80).
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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