Vodafone Group’s (VOD) “Buy” Rating Reiterated at Berenberg Bank

Berenberg Bank restated their buy rating on shares of Vodafone Group (LON:VOD) in a research report sent to investors on Monday, Borsen Zeitung reports. The brokerage currently has a GBX 180 ($2.35) price target on the cell phone carrier’s stock.

VOD has been the topic of several other reports. Morgan Stanley restated an overweight rating and issued a GBX 210 ($2.74) price objective on shares of Vodafone Group in a research report on Friday, September 6th. JPMorgan Chase & Co. set a GBX 209 ($2.73) price objective on Vodafone Group and gave the stock a buy rating in a research note on Friday, July 26th. UBS Group reiterated a buy rating on shares of Vodafone Group in a research report on Monday, July 29th. Numis Securities reissued a buy rating on shares of Vodafone Group in a research note on Wednesday, May 15th. Finally, Deutsche Bank boosted their price target on Vodafone Group from GBX 240 ($3.14) to GBX 250 ($3.27) and gave the stock a buy rating in a report on Friday, August 9th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and sixteen have assigned a buy rating to the company. The stock has an average rating of Buy and a consensus price target of GBX 186.89 ($2.44).

LON VOD opened at GBX 159 ($2.08) on Monday. Vodafone Group has a 12 month low of GBX 1.50 ($0.02) and a 12 month high of GBX 171.78 ($2.24). The stock has a market cap of $42.56 billion and a price-to-earnings ratio of -5.64. The company’s 50 day moving average is GBX 148.14 and its two-hundred day moving average is GBX 138.48. The company has a current ratio of 1.55, a quick ratio of 1.39 and a debt-to-equity ratio of 90.23.

In related news, insider Margherita D. Valle sold 109,102 shares of the company’s stock in a transaction dated 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). Also, insider Nick Read acquired 387,888 shares of Vodafone Group stock in a transaction that occurred on Wednesday, June 26th. The stock was purchased at an average cost of GBX 125 ($1.63) per share, for a total transaction of £484,860 ($633,555.47).

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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