Sanford C. Bernstein set a GBX 235 ($3.07) price objective on Vodafone Group (LON:VOD) in a research note published on Thursday morning. The brokerage currently has a buy rating on the cell phone carrier’s stock.
Several other equities analysts have also weighed in on the company. Deutsche Bank set a GBX 265 ($3.46) price objective on Vodafone Group and gave the company a buy rating in a research note on Wednesday. Credit Suisse Group set a GBX 225 ($2.94) price objective on Vodafone Group and gave the company a buy rating in a research note on Tuesday. Berenberg Bank set a GBX 243 ($3.18) price objective on Vodafone Group and gave the company a buy rating in a research note on Wednesday, November 28th. BNP Paribas set a GBX 176 ($2.30) price objective on Vodafone Group and gave the company a buy rating in a research note on Wednesday, November 28th. Finally, HSBC set a GBX 180 ($2.35) price objective on Vodafone Group and gave the company a neutral rating in a research note on Friday, November 16th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of GBX 216.30 ($2.83).
Shares of LON VOD traded up GBX 3.86 ($0.05) during midday trading on Thursday, hitting GBX 164.32 ($2.15). The stock had a trading volume of 30,619,258 shares, compared to its average volume of 61,020,000. Vodafone Group has a 1-year low of GBX 197.45 ($2.58) and a 1-year high of GBX 239.65 ($3.13).
In other Vodafone Group news, insider Margherita D. Valle sold 103,468 shares of the company’s stock in a transaction that occurred on Monday, November 19th. The stock was sold at an average price of GBX 156 ($2.04), for a total value of £161,410.08 ($210,910.86). Also, insider Maria Amparo Moraleda Martinez bought 1,570 shares of the business’s stock in a transaction on Monday, November 26th. The stock was acquired at an average cost of GBX 158 ($2.06) per share, for a total transaction of £2,480.60 ($3,241.34).
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.
Further Reading: 52-Week High/Low Prices For Stock Selection
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