Vodafone Group (LON:VOD) Given a GBX 190 Price Target at Credit Suisse Group

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

Other equities analysts also recently issued research reports about the stock. Numis Securities reissued a buy rating and issued a GBX 500 ($6.53) price objective on shares of PureCircle in a research note on Wednesday, May 15th. Jefferies Financial Group boosted their price objective on shares of PepsiCo from $123.00 to $134.00 and gave the stock a hold rating in a research note on Wednesday. Berenberg Bank reissued a hold rating and issued a GBX 240 ($3.14) price objective on shares of in a research note on Thursday, June 20th. Kepler Capital Markets boosted their price objective on shares of Vodafone Group from GBX 160 ($2.09) to GBX 175 ($2.29) and gave the stock a buy rating in a research note on Thursday, June 20th. Finally, JPMorgan Chase & Co. reissued a top pick rating on shares of in a research note on Thursday, July 4th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and fifteen have given a buy rating to the company’s stock. Vodafone Group currently has a consensus rating of Buy and an average target price of GBX 185.06 ($2.42).

Shares of LON:VOD opened at GBX 131.74 ($1.72) on Wednesday. The company has a market capitalization of $35.21 billion and a P/E ratio of -4.67. Vodafone Group has a 52 week low of GBX 122.22 ($1.60) and a 52 week high of GBX 190.20 ($2.49). The company has a quick ratio of 1.39, a current ratio of 1.55 and a debt-to-equity ratio of 90.23. The business has a 50 day simple moving average of GBX 129.43.

The firm also recently declared a dividend, which will be paid on Friday, August 2nd. Stockholders of record on Thursday, June 6th will be given a dividend of €0.04 ($0.05) per share. This represents a dividend yield of 3.6%. The ex-dividend date is Thursday, June 6th. Vodafone Group’s payout ratio is presently -0.28%.

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

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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