Vodafone Group (LON:VOD) has been assigned a GBX 265 ($3.46) price target by stock analysts at Deutsche Bank in a note issued to investors on Wednesday. The brokerage presently has a “buy” rating on the cell phone carrier’s stock. Deutsche Bank’s price target would suggest a potential upside of 61.86% from the company’s previous close.
Several other research firms also recently weighed in on VOD. Credit Suisse Group set a GBX 225 ($2.94) price objective on shares of Vodafone Group and gave the stock a “buy” rating in a report on Monday, October 8th. Sanford C. Bernstein upgraded shares of Vodafone Group to an “outperform” rating and set a GBX 230 ($3.01) target price for the company in a research note on Wednesday, September 5th. JPMorgan Chase & Co. set a GBX 240 ($3.14) target price on shares of Vodafone Group and gave the stock a “buy” rating in a research note on Tuesday, November 13th. Bank of America set a GBX 202 ($2.64) target price on shares of Vodafone Group and gave the stock a “neutral” rating in a research note on Thursday, August 30th. Finally, Royal Bank of Canada set a GBX 260 ($3.40) target price on shares of Vodafone Group and gave the stock a “buy” rating in a research note on Tuesday, November 13th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of GBX 216.30 ($2.83).
VOD opened at GBX 163.73 ($2.14) on Wednesday. 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 related news, insider Maria Amparo Moraleda Martinez purchased 1,570 shares of Vodafone Group stock in a transaction that occurred on Monday, November 26th. The stock was bought at an average price of GBX 158 ($2.06) per share, for a total transaction of £2,480.60 ($3,241.34). Also, insider Margherita D. Valle sold 103,468 shares of the stock in a transaction dated Monday, November 19th. The shares were sold at an average price of GBX 156 ($2.04), for a total transaction of £161,410.08 ($210,910.86).
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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