Berenberg Bank Cuts Vodafone Group (LON:VOD) Price Target to GBX 180

Vodafone Group (LON:VOD) had its price target decreased by Berenberg Bank from GBX 190 ($2.48) to GBX 180 ($2.35) in a research report report published on Thursday morning, Borsen Zeitung reports. Berenberg Bank currently has a buy rating on the cell phone carrier’s stock.

Several other brokerages have also issued reports on VOD. UBS Group reaffirmed a buy rating and issued a GBX 215 ($2.81) target price on shares of Vodafone Group in a research note on Friday, March 22nd. Macquarie raised shares of Vodafone Group to an outperform rating and raised their target price for the company from GBX 125 ($1.63) to GBX 170 ($2.22) in a research note on Thursday, March 21st. Barclays reduced their target price on shares of Vodafone Group from GBX 205 ($2.68) to GBX 200 ($2.61) and set an overweight rating on the stock in a research note on Friday, April 5th. JPMorgan Chase & Co. reaffirmed an overweight rating on shares of Vodafone Group in a research note on Wednesday, May 1st. Finally, Credit Suisse Group reaffirmed an outperform rating and issued a GBX 210 ($2.74) target price on shares of Vodafone Group in a research note on Thursday, April 18th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and fifteen have given a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of GBX 186.78 ($2.44).

Shares of LON VOD opened at GBX 126.90 ($1.66) on Thursday. The stock has a market capitalization of $33.91 billion and a PE ratio of -4.50. The company has a debt-to-equity ratio of 90.23, a quick ratio of 1.39 and a current ratio of 1.55. Vodafone Group has a 1 year low of GBX 122.22 ($1.60) and a 1 year high of GBX 191.56 ($2.50).

The company also recently disclosed a dividend, which will be paid on Friday, August 2nd. Investors of record on Thursday, June 6th will be paid a dividend of €0.04 ($0.05) per share. This represents a yield of 3.6%. The ex-dividend date of this dividend is Thursday, June 6th. Vodafone Group’s payout ratio is -0.28%.

Vodafone Group Company Profile

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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Analyst Recommendations for Vodafone Group (LON:VOD)

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