Deutsche Bank Boosts Vodafone Group (LON:VOD) Price Target to GBX 225

Vodafone Group (LON:VOD) had its target price lifted by equities researchers at Deutsche Bank from GBX 220 ($2.71) to GBX 225 ($2.77) in a report released on Thursday, Stock Target Advisor reports. The firm presently has a “buy” rating on the cell phone carrier’s stock. Deutsche Bank’s target price points to a potential upside of 82.30% from the company’s previous close.

VOD has been the topic of a number of other research reports. Citigroup reiterated a “buy” rating on shares of Vodafone Group in a report on Thursday, June 18th. UBS Group restated a “buy” rating and issued a GBX 190 ($2.34) target price on shares of Vodafone Group in a report on Monday, July 6th. JPMorgan Chase & Co. boosted their target price on shares of Vodafone Group from GBX 180 ($2.22) to GBX 190 ($2.34) and gave the company an “overweight” rating in a report on Tuesday. DZ Bank upgraded shares of Vodafone Group from a “hold” rating to a “buy” rating and dropped their target price for the company from GBX 160 ($1.97) to GBX 150 ($1.85) in a report on Wednesday, May 13th. Finally, Kepler Capital Markets dropped their target price on shares of Vodafone Group from GBX 175 ($2.15) to GBX 170 ($2.09) and set a “buy” rating on the stock in a report on Thursday, May 28th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and fourteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of GBX 177.50 ($2.18).

Shares of LON:VOD opened at GBX 123.42 ($1.52) on Thursday. The firm has a market cap of $32.90 billion and a PE ratio of -4.35. The firm’s fifty day moving average is GBX 130.25 and its 200-day moving average is GBX 132.18. The company has a debt-to-equity ratio of 129.88, a quick ratio of 0.84 and a current ratio of 1.02. Vodafone Group has a 52 week low of GBX 0.99 ($0.01) and a 52 week high of GBX 1,602 ($19.71).

In other news, insider Margherita D. Valle sold 131,684 shares of the business’s stock in a transaction dated Friday, June 26th. The shares were sold at an average price of GBX 127 ($1.56), for a total transaction of £167,238.68 ($205,806.89).

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.

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Analyst Recommendations for Vodafone Group (LON:VOD)

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