Vodafone Group plc (VOD) Given Average Rating of “Buy” by Analysts

Shares of Vodafone Group plc (LON:VOD) have been assigned a consensus recommendation of “Buy” from the twenty research firms that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is GBX 245.24 ($3.29).

Several analysts have commented on the stock. Cfra set a GBX 230 ($3.09) target price on shares of Vodafone Group and gave the stock a “buy” rating in a research note on Thursday, May 17th. UBS set a GBX 255 ($3.42) price objective on shares of Vodafone Group and gave the company a “buy” rating in a research note on Thursday. Barclays reissued an “overweight” rating on shares of Vodafone Group in a research note on Thursday, May 10th. Numis Securities reissued a “buy” rating on shares of Vodafone Group in a research note on Wednesday, May 16th. Finally, Royal Bank of Canada set a GBX 260 ($3.49) price objective on shares of Vodafone Group and gave the company a “buy” rating in a research note on Tuesday, May 15th.

In other news, insider Maria Amparo Moraleda Martinez acquired 5,533 shares of the business’s stock in a transaction on Tuesday, May 15th. The shares were purchased at an average price of GBX 200 ($2.68) per share, for a total transaction of £11,066 ($14,847.71). Also, insider David Thomas Nish acquired 12,881 shares of the business’s stock in a transaction on Thursday, May 17th. The stock was purchased at an average price of GBX 194 ($2.60) per share, for a total transaction of £24,989.14 ($33,528.97).

Shares of Vodafone Group opened at GBX 194.32 ($2.61) on Friday, MarketBeat reports. Vodafone Group has a 1 year low of GBX 197.45 ($2.65) and a 1 year high of GBX 239.65 ($3.22).

The firm also recently declared a dividend, which will be paid on Friday, August 3rd. Investors of record on Thursday, June 7th will be given a dividend of €0.10 ($0.12) per share. This represents a yield of 4.35%. This is a boost from Vodafone Group’s previous dividend of $0.10. The ex-dividend date is Thursday, June 7th.

Vodafone Group Company Profile

Vodafone Group Plc operates as a telecommunications company worldwide. The company offers voice, messaging, and data services across mobile and fixed networks; broadband and TV services; cloud and hosting for storing data and applications in the cloud, as well as Internet protocol-virtual private network services; roaming services; and converged communication services to small businesses and large multinational companies.

Analyst Recommendations for Vodafone Group (LON:VOD)

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