Vodafone Group plc (LON:VOD) Receives Buy Rating from Deutsche Bank AG

Vodafone Group plc (LON:VOD)‘s stock had its “buy” rating reissued by equities research analysts at Deutsche Bank AG in a research report issued to clients and investors on Wednesday, August 9th. They currently have a GBX 300 ($3.89) price objective on the cell phone carrier’s stock. Deutsche Bank AG’s price target suggests a potential upside of 36.96% from the stock’s previous close.

A number of other equities research analysts also recently commented on the company. Credit Suisse Group lifted their target price on Vodafone Group plc from GBX 240 ($3.12) to GBX 250 ($3.25) and gave the stock an “outperform” rating in a report on Monday, August 7th. Morgan Stanley reaffirmed an “overweight” rating and set a GBX 270 ($3.51) target price on shares of Vodafone Group plc in a research note on Wednesday, July 26th. Numis Securities Ltd reiterated an “add” rating and set a GBX 250 ($3.25) price target on shares of Vodafone Group plc in a research report on Wednesday, July 26th. HSBC Holdings plc reiterated a “hold” rating and set a GBX 225 ($2.92) price target on shares of Vodafone Group plc in a research report on Tuesday, July 25th. Finally, UBS AG set a GBX 280 ($3.63) target price on Vodafone Group plc and gave the company a “buy” rating in a report on Tuesday, July 25th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of GBX 245.13 ($3.18).

Shares of Vodafone Group plc (VOD) opened at 219.05 on Wednesday. The firm’s market capitalization is GBX 58.32 billion. The stock’s 50 day moving average is GBX 221.09 and its 200 day moving average is GBX 212.40. Vodafone Group plc has a 52-week low of GBX 186.50 and a 52-week high of GBX 237.55.

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In related news, insider Vivek Badrinath acquired 246,071 shares of Vodafone Group plc stock in a transaction on Friday, August 4th. The shares were bought at an average price of GBX 225 ($2.92) per share, for a total transaction of £553,659.75 ($718,758.60). Also, insider Nick Read sold 574,525 shares of the business’s stock in a transaction dated Monday, June 26th. The stock was sold at an average price of GBX 224 ($2.91), for a total value of £1,286,936 ($1,670,694.53).

About Vodafone Group plc

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.

Analyst Recommendations for Vodafone Group plc (LON:VOD)

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