Barclays Cuts Vodafone Group (LON:VOD) Price Target to GBX 190

Vodafone Group (LON:VOD) had its price target cut by Barclays from GBX 200 ($2.63) to GBX 190 ($2.50) in a research report report published on Monday, Borsen Zeitung reports. They currently have an overweight rating on the cell phone carrier’s stock.

Several other equities research analysts also recently commented on VOD. Deutsche Bank reissued a buy rating and set a GBX 240 ($3.16) target price on shares of Vodafone Group in a research report on Wednesday, November 13th. Berenberg Bank reissued a buy rating and set a GBX 175 ($2.30) target price on shares of Vodafone Group in a research report on Monday, November 18th. Kepler Capital Markets reissued a buy rating and set a GBX 175 ($2.30) target price on shares of Vodafone Group in a research report on Tuesday, November 12th. JPMorgan Chase & Co. decreased their target price on shares of Vodafone Group from GBX 225 ($2.96) to GBX 220 ($2.89) and set an overweight rating for the company in a research report on Tuesday, November 12th. Finally, Citigroup reissued a buy rating and set a GBX 185 ($2.43) target price on shares of Vodafone Group in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and fourteen have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of GBX 193.38 ($2.54).

LON:VOD opened at GBX 144.34 ($1.90) on Monday. The company has a debt-to-equity ratio of 124.73, a current ratio of 0.99 and a quick ratio of 0.93. The firm has a 50-day moving average of GBX 155.28 and a 200-day moving average of GBX 146.62. The company has a market cap of $38.64 billion and a PE ratio of -5.12. Vodafone Group has a one year low of GBX 122.22 ($1.61) and a one year high of GBX 169.46 ($2.23).

The company also recently disclosed a dividend, which will be paid on Friday, February 7th. Shareholders of record on Thursday, November 28th will be given a €0.05 ($0.05) dividend. This represents a yield of 2.41%. This is an increase from Vodafone Group’s previous dividend of $0.04. The ex-dividend date is Thursday, November 28th. Vodafone Group’s dividend payout ratio is presently -0.28%.

In other Vodafone Group news, insider Vivek Badrinath sold 162,062 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of GBX 153 ($2.01), for a total value of £247,954.86 ($326,170.56).

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.

Read More: Buy Rating

Analyst Recommendations for Vodafone Group (LON:VOD)

Receive News & Ratings for Vodafone Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vodafone Group and related companies with MarketBeat.com's FREE daily email newsletter.