Berenberg Bank Reiterates Buy Rating for Vodafone Group (VOD)

Vodafone Group (LON:VOD)‘s stock had its “buy” rating reissued by stock analysts at Berenberg Bank in a research report issued to clients and investors on Thursday. They currently have a GBX 243 ($3.18) price target on the cell phone carrier’s stock. Berenberg Bank’s target price points to a potential upside of 56.65% from the company’s current price.

Several other analysts have also recently commented on VOD. Barclays set a GBX 250 ($3.27) target price on Vodafone Group and gave the stock a “buy” rating in a research report on Wednesday, July 25th. UBS Group set a GBX 250 ($3.27) target price on Vodafone Group and gave the stock a “buy” rating in a research report on Thursday, July 26th. Deutsche Bank reaffirmed a “buy” rating on shares of Vodafone Group in a research report on Thursday, July 26th. Numis Securities reaffirmed a “buy” rating on shares of Vodafone Group in a research report on Thursday, July 26th. Finally, JPMorgan Chase & Co. set a GBX 270 ($3.53) target price on Vodafone Group and gave the stock a “buy” rating in a research report on Thursday, July 26th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of GBX 218.75 ($2.86).

Shares of Vodafone Group stock opened at GBX 155.12 ($2.03) on Thursday. Vodafone Group has a 12 month low of GBX 197.45 ($2.58) and a 12 month high of GBX 239.65 ($3.13).

In other news, insider Margherita D. Valle acquired 180,182 shares of Vodafone Group stock in a transaction that occurred on Friday, September 7th. The stock was purchased at an average price of GBX 165 ($2.16) per share, with a total value of £297,300.30 ($388,475.50). Also, insider Michel Demare acquired 50,000 shares of Vodafone Group stock in a transaction that occurred on Tuesday, September 18th. The shares were purchased at an average cost of GBX 168 ($2.20) per share, with a total value of £84,000 ($109,760.88). In the last three months, insiders have purchased 236,564 shares of company stock valued at $39,189,442.

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.

Read More: What is Considered a Good Return on Equity (ROE)?

Analyst Recommendations for Vodafone Group (LON:VOD)

Receive News & Ratings for Vodafone Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vodafone Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply