Cfra Analysts Give Vodafone Group (VOD) a GBX 230 Price Target

Cfra set a GBX 230 ($3.12) price target on Vodafone Group (LON:VOD) in a research note issued to investors on Thursday. The firm currently has a buy rating on the cell phone carrier’s stock.

A number of other brokerages also recently weighed in on VOD. Berenberg Bank upped their target price on Vodafone Group from GBX 240 ($3.26) to GBX 253 ($3.43) and gave the company a buy rating in a report on Tuesday, January 30th. Royal Bank of Canada set a GBX 260 ($3.53) target price on Vodafone Group and gave the company a buy rating in a report on Tuesday, May 15th. UBS reiterated a buy rating and issued a GBX 270 ($3.66) target price on shares of Vodafone Group in a report on Tuesday, May 15th. Deutsche Bank reiterated a buy rating and issued a GBX 285 ($3.87) target price on shares of Vodafone Group in a report on Thursday, May 10th. Finally, Barclays reiterated an overweight rating and issued a GBX 265 ($3.59) target price on shares of Vodafone Group in a report on Wednesday, May 9th. Two analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company. The company presently has an average rating of Buy and an average target price of GBX 245.45 ($3.33).

Shares of Vodafone Group opened at GBX 193.18 ($2.62) on Thursday, according to MarketBeat Ratings. Vodafone Group has a fifty-two week low of GBX 197.45 ($2.68) and a fifty-two week high of GBX 239.65 ($3.25).

The company also recently disclosed a dividend, which will be paid on Friday, August 3rd. Investors of record on Thursday, June 7th will be issued a €0.10 ($0.12) dividend. The ex-dividend date of this dividend is Thursday, June 7th. This represents a yield of 4.35%. This is an increase from Vodafone Group’s previous dividend of $0.10.

In related news, insider David Thomas Nish bought 12,881 shares of the firm’s stock in a transaction on Thursday, May 17th. The stock was purchased at an average price of GBX 194 ($2.63) per share, with a total value of £24,989.14 ($33,897.37). Also, insider Maria Amparo Moraleda Martinez bought 5,533 shares of the firm’s stock in a transaction on Tuesday, May 15th. The shares were bought at an average cost of GBX 200 ($2.71) per share, with a total value of £11,066 ($15,010.85).

Vodafone Group Company Profile

Vodafone Group Plc operates as a telecommunications company worldwide. The company offers voice, messaging, and data services across mobile and fixed networks; broadband and TV services; cloud and hosting for storing data and applications in the cloud, as well as Internet protocol-virtual private network services; roaming services; and converged communication services to small businesses and large multinational companies.

Analyst Recommendations for Vodafone Group (LON:VOD)

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