Credit Suisse Group set a GBX 225 ($2.94) target price on Vodafone Group (LON:VOD) in a research report released on Wednesday morning. The brokerage currently has a buy rating on the cell phone carrier’s stock.
Other research analysts have also issued reports about the stock. UBS Group set a GBX 250 ($3.27) price objective on shares of Vodafone Group and gave the company a buy rating in a research note on Thursday, July 26th. Numis Securities reaffirmed a buy rating on shares of Vodafone Group in a research note on Thursday, July 26th. Sanford C. Bernstein raised shares of Vodafone Group to an outperform rating and set a GBX 230 ($3.01) price objective on the stock in a research note on Wednesday, September 5th. Barclays dropped their price objective on shares of Vodafone Group from GBX 260 ($3.40) to GBX 250 ($3.27) and set an overweight rating on the stock in a research note on Wednesday, July 11th. Finally, Royal Bank of Canada set a GBX 260 ($3.40) price objective on shares of Vodafone Group and gave the company a buy rating in a research note on Thursday, July 26th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company. The company has an average rating of Hold and a consensus target price of GBX 229.50 ($3.00).
Shares of Vodafone Group stock traded down GBX 0.54 ($0.01) during trading hours on Wednesday, reaching GBX 151.50 ($1.98). The company’s stock had a trading volume of 57,911,570 shares, compared to its average volume of 61,020,000. Vodafone Group has a one year low of GBX 197.45 ($2.58) and a one year high of GBX 239.65 ($3.13).
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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