Vodafone Group (LON:VOD) Given a GBX 190 Price Target at Credit Suisse Group

Vodafone Group (LON:VOD) received a GBX 190 ($2.50) price target from equities researchers at Credit Suisse Group in a research note issued on Thursday, Borsen Zeitung reports. The brokerage currently has a “buy” rating on the cell phone carrier’s stock. Credit Suisse Group’s price target would suggest a potential upside of 21.83% from the company’s previous close.

Several other research firms also recently issued reports on VOD. Barclays reiterated an “overweight” rating and set a GBX 190 ($2.50) price target on shares of Vodafone Group in a research note on Thursday. JPMorgan Chase & Co. decreased their price target on Vodafone Group from GBX 220 ($2.89) to GBX 215 ($2.83) and set an “overweight” rating for the company in a research note on Tuesday. Citigroup reiterated a “buy” rating and set a GBX 185 ($2.43) price target on shares of Vodafone Group in a research note on Tuesday, January 7th. Deutsche Bank reiterated a “buy” rating and set a GBX 240 ($3.16) price target on shares of Vodafone Group in a research note on Tuesday, December 17th. Finally, HSBC set a GBX 190 ($2.50) price target on Vodafone Group and gave the stock a “buy” rating in a research note on Thursday, September 19th. One research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of GBX 193.18 ($2.54).

VOD opened at GBX 155.96 ($2.05) on Thursday. The company has a market cap of $42.29 billion and a PE ratio of -5.53. The stock has a 50-day moving average of GBX 149.19 and a 200-day moving average of GBX 150.27. Vodafone Group has a 52-week low of GBX 1.69 ($0.02) and a 52-week high of GBX 169.46 ($2.23). The company has a debt-to-equity ratio of 124.73, a quick ratio of 0.93 and a current ratio of 0.99.

In related news, insider Vivek Badrinath sold 162,062 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of GBX 153 ($2.01), for a total transaction of £247,954.86 ($326,170.56).

About Vodafone Group

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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