Vodafone Group (LON:VOD) Given a GBX 187 Price Target at UBS Group

UBS Group set a GBX 187 ($2.44) target price on Vodafone Group (LON:VOD) in a research note released on Thursday morning, Borsen Zeitung reports.

Several other research analysts also recently weighed in on the stock. JPMorgan Chase & Co. reduced their price target on shares of Vodafone Group from GBX 197 ($2.57) to GBX 165 ($2.16) and set an overweight rating for the company in a research report on Thursday, July 1st. Credit Suisse Group set a GBX 150 ($1.96) price objective on shares of Vodafone Group in a report on Monday, July 26th. Berenberg Bank set a GBX 155 ($2.03) price objective on shares of Vodafone Group in a report on Thursday, September 2nd. Morgan Stanley set a GBX 180 ($2.35) price objective on shares of Vodafone Group in a report on Friday, July 9th. Finally, Barclays increased their price objective on shares of Vodafone Group from GBX 165 ($2.16) to GBX 170 ($2.22) and gave the company an overweight rating in a report on Monday, July 26th. Fourteen research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Vodafone Group presently has an average rating of Buy and an average target price of GBX 172.92 ($2.26).

VOD opened at GBX 114.08 ($1.49) on Thursday. Vodafone Group has a twelve month low of GBX 100 ($1.31) and a twelve month high of GBX 157.52 ($2.06). The company has a quick ratio of 0.72, a current ratio of 0.99 and a debt-to-equity ratio of 124.99. The company has a 50-day moving average price of GBX 118.53 and a 200 day moving average price of GBX 126.54. The company has a market cap of £31.54 billion and a PE ratio of 381.13.

In related news, insider Nick Read sold 346,515 shares of the stock in a transaction that occurred on Monday, June 28th. The shares were sold at an average price of GBX 121 ($1.58), for a total transaction of £419,283.15 ($547,796.12). Also, insider Dame Clara Furse acquired 75,000 shares of the stock in a transaction that occurred on Friday, July 30th. The shares were bought at an average cost of GBX 116 ($1.52) per share, with a total value of £87,000 ($113,666.06).

Vodafone Group Company Profile

Vodafone Group Plc engages in telecommunication services in Europe and internationally. The company offers mobile services that enable customers to call, text, and access data; fixed line services, including broadband, television (TV) offerings, and voice; and convergence services under the GigaKombi and Vodafone One names to customers.

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Analyst Recommendations for Vodafone Group (LON:VOD)

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