Vodafone Group (LON:VOD) PT Set at GBX 190 by Credit Suisse Group

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

Several other equities analysts have also issued reports on the company. Kepler Capital Markets upped their price target on Vodafone Group from GBX 160 ($2.09) to GBX 175 ($2.29) and gave the company a buy rating in a research note on Thursday, June 20th. UBS Group set a €110.00 ($127.91) price target on Wacker Chemie and gave the company a buy rating in a research note on Thursday, June 13th. Numis Securities reaffirmed a buy rating and set a GBX 500 ($6.53) price target on shares of PureCircle in a research note on Wednesday, May 15th. Macquarie set a €13.50 ($15.70) price target on Deutsche Telekom and gave the company a neutral rating in a research note on Thursday, June 13th. Finally, Citigroup reaffirmed an average rating on shares of Stoneridge in a research note on Tuesday, May 7th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and fifteen have issued a buy rating to the company. The company currently has an average rating of Buy and an average target price of GBX 185.06 ($2.42).

Shares of VOD opened at GBX 131.74 ($1.72) on Wednesday. The company has a quick ratio of 1.39, a current ratio of 1.55 and a debt-to-equity ratio of 90.23. Vodafone Group has a 12-month low of GBX 122.22 ($1.60) and a 12-month high of GBX 190.20 ($2.49). The firm has a market capitalization of $35.21 billion and a price-to-earnings ratio of -4.67. The firm’s fifty day moving average price is GBX 129.43.

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

In other Vodafone Group news, insider Margherita D. Valle sold 109,102 shares of the stock in a transaction dated Monday, July 1st. The stock was 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, with a total value 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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