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

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Vodafone Group (LON:VOD) had its price objective trimmed by Barclays from GBX 200 ($2.63) to GBX 190 ($2.50) in a report issued on Monday, Borsen Zeitung reports. The firm currently has an overweight rating on the cell phone carrier’s stock.

A number of other research analysts have also issued reports on VOD. Macquarie upped their price target on shares of Vodafone Group from GBX 170 ($2.24) to GBX 175 ($2.30) and gave the company an outperform rating in a research note on Friday, October 18th. JPMorgan Chase & Co. cut their price target on shares of Vodafone Group from GBX 225 ($2.96) to GBX 220 ($2.89) and set an overweight rating on the stock in a research note on Tuesday, November 12th. Citigroup restated a buy rating and set a GBX 185 ($2.43) price target on shares of Vodafone Group in a research note on Thursday, November 7th. Deutsche Bank restated a buy rating and set a GBX 240 ($3.16) price target on shares of Vodafone Group in a research note on Wednesday, November 13th. Finally, Morgan Stanley reiterated an overweight rating on shares of Vodafone Group in a research note on Monday, November 11th. One analyst has rated the stock with a sell rating, one has given a hold rating and fourteen have given a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of GBX 191.50 ($2.52).

Vodafone Group stock traded down GBX 1 ($0.01) during mid-day trading on Monday, reaching GBX 142.86 ($1.88). 20,625,030 shares of the company traded hands, compared to its average volume of 61,020,000. The company has a debt-to-equity ratio of 124.73, a current ratio of 0.99 and a quick ratio of 0.93. Vodafone Group has a fifty-two week low of GBX 122.22 ($1.61) and a fifty-two week high of GBX 169.46 ($2.23). The company has a market capitalization of $38.24 billion and a price-to-earnings ratio of -5.07. The firm’s fifty day moving average is GBX 156.27 and its two-hundred day moving average is GBX 146.33.

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

In related news, insider Vivek Badrinath sold 162,062 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of GBX 153 ($2.01), for a total transaction 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.

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Analyst Recommendations for Vodafone Group (LON:VOD)

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