Brokerages Set Vodafone Group Plc (LON:VOD) PT at GBX 172.92

Vodafone Group Plc (LON:VOD) has earned an average recommendation of “Buy” from the sixteen analysts that are presently covering the stock, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a buy rating. The average twelve-month target price among analysts that have issued a report on the stock in the last year is GBX 172.92 ($2.26).

VOD has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. cut their price target on shares of Vodafone Group from GBX 197 ($2.57) to GBX 165 ($2.16) and set an “overweight” rating on the stock in a research note on Thursday, July 1st. UBS Group set a GBX 187 ($2.44) target price on shares of Vodafone Group in a research note on Thursday, September 30th. Credit Suisse Group set a GBX 150 ($1.96) target price on shares of Vodafone Group in a research note on Monday, September 27th. Kepler Capital Markets set a GBX 165 ($2.16) target price on shares of Vodafone Group in a research note on Friday, July 9th. Finally, Morgan Stanley set a GBX 180 ($2.35) target price on shares of Vodafone Group in a research note on Friday, July 9th.

LON VOD traded up GBX 1.16 ($0.02) during mid-day trading on Friday, reaching GBX 111.30 ($1.45). 67,161,177 shares of the stock were exchanged, compared to its average volume of 66,627,250. Vodafone Group has a 1-year low of GBX 100.94 ($1.32) and a 1-year high of GBX 1,425 ($18.62). The business’s fifty day simple moving average is GBX 117.67 and its 200 day simple moving average is GBX 124.56. The stock has a market capitalization of £30.65 billion and a PE ratio of 367.13. The company has a debt-to-equity ratio of 124.99, a quick ratio of 0.72 and a current ratio of 0.99.

In related news, insider Dame Clara Furse purchased 75,000 shares of the company’s stock in a transaction on Friday, July 30th. The shares were bought at an average cost of GBX 116 ($1.52) per share, for a total transaction of £87,000 ($113,666.06).

About Vodafone Group

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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