Credit Suisse Group Reiterates “GBX 190” Price Target for Vodafone Group (LON:VOD)

Credit Suisse Group set a GBX 190 ($2.48) price target on Vodafone Group (LON:VOD) in a report published on Wednesday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the cell phone carrier’s stock.

Other equities analysts have also recently issued reports about the stock. Deutsche Bank lifted their price target on shares of Vodafone Group from GBX 240 ($3.14) to GBX 250 ($3.27) and gave the stock a buy rating in a research report on Friday, August 9th. Macquarie set a GBX 170 ($2.22) price objective on shares of Vodafone Group and gave the stock a buy rating in a report on Thursday, June 13th. HSBC set a GBX 160 ($2.09) price objective on shares of Vodafone Group and gave the stock a buy rating in a report on Friday, July 19th. Morgan Stanley set a GBX 210 ($2.74) price objective on shares of Vodafone Group and gave the stock a buy rating in a report on Thursday, August 8th. Finally, JPMorgan Chase & Co. set a GBX 209 ($2.73) price objective on shares of Vodafone Group and gave the stock a buy rating in a report on Friday, July 26th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and sixteen have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of GBX 186.89 ($2.44).

Shares of LON VOD opened at GBX 150.34 ($1.96) on Wednesday. The company’s fifty day moving average is GBX 141.71 and its 200-day moving average is GBX 137.46. The stock has a market cap of $40.24 billion and a price-to-earnings ratio of -5.33. Vodafone Group has a twelve month low of GBX 1.50 ($0.02) and a twelve month high of GBX 178.26 ($2.33). The company has a quick ratio of 1.39, a current ratio of 1.55 and a debt-to-equity ratio of 90.23.

In other Vodafone Group news, insider Margherita D. Valle sold 109,102 shares of Vodafone Group stock in a transaction on Monday, July 1st. The shares were sold at an average price of GBX 129 ($1.69), for a total value of £140,741.58 ($183,903.80). Also, insider Nick Read purchased 387,888 shares of the stock in a transaction on Wednesday, June 26th. The stock was acquired at an average price of GBX 125 ($1.63) per share, for a total transaction of £484,860 ($633,555.47).

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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