Vodafone Group (VOD) Given New GBX 200 Price Target at Barclays

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Vodafone Group (LON:VOD) had its price objective decreased by Barclays from GBX 205 ($2.68) to GBX 200 ($2.61) in a research note issued to investors on Friday, Borsen Zeitung reports. The brokerage currently has an “overweight” rating on the cell phone carrier’s stock. Barclays‘s price objective suggests a potential upside of 42.29% from the company’s previous close.

VOD has been the subject of several other research reports. Sanford C. Bernstein set a GBX 235 ($3.07) price target on Vodafone Group and gave the company a “buy” rating in a report on Thursday, December 6th. UBS Group reiterated a “buy” rating and set a GBX 215 ($2.81) target price on shares of Vodafone Group in a research report on Friday, March 22nd. Royal Bank of Canada set a GBX 260 ($3.40) target price on Vodafone Group and gave the company a “buy” rating in a research report on Friday, December 14th. Kepler Capital Markets set a GBX 180 ($2.35) target price on shares of Vodafone Group and gave the company a “sell” rating in a report on Friday, January 25th. Finally, Citigroup restated a “buy” rating on shares of Vodafone Group in a research report on Friday, February 22nd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and fifteen have given a buy rating to the company’s stock. Vodafone Group presently has a consensus rating of “Buy” and a consensus target price of GBX 198 ($2.59).

LON:VOD opened at GBX 140.56 ($1.84) on Friday. Vodafone Group has a 12 month low of GBX 131 ($1.71) and a 12 month high of GBX 214.60 ($2.80). The stock has a market capitalization of $38.25 billion and a P/E ratio of -4.98. The company has a current ratio of 1.30, a quick ratio of 1.28 and a debt-to-equity ratio of 81.54.

In related news, insider David Thomas Nish purchased 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were bought at an average price of GBX 132 ($1.72) per share, for a total transaction of £26,400 ($34,496.28).

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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Analyst Recommendations for Vodafone Group (LON:VOD)

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