HSBC set a GBX 190 ($2.48) price objective on Vodafone Group (LON:VOD) in a research note published on Thursday, September 19th, Borsen Zeitung reports. The brokerage currently has a buy rating on the cell phone carrier’s stock.
A number of other analysts also recently issued reports on VOD. Barclays restated an overweight rating and issued a GBX 200 ($2.61) price target on shares of Vodafone Group in a research report on Monday, September 9th. Kepler Capital Markets raised their price target on Vodafone Group from GBX 160 ($2.09) to GBX 175 ($2.29) and gave the stock a buy rating in a research report on Thursday, June 20th. Deutsche Bank restated a buy rating and issued a GBX 250 ($3.27) price target on shares of Vodafone Group in a research report on Thursday, September 12th. Morgan Stanley set a GBX 210 ($2.74) price target on Vodafone Group and gave the stock a buy rating in a research report on Thursday, September 12th. Finally, Macquarie set a GBX 170 ($2.22) target price on Vodafone Group and gave the stock a buy rating in a research report on Thursday, June 13th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and sixteen have assigned a buy rating to the stock. The company has a consensus rating of Buy and an average price target of GBX 189.05 ($2.47).
Shares of LON VOD traded down GBX 1.52 ($0.02) during midday trading on Thursday, reaching GBX 161.30 ($2.11). 61,608,113 shares of the stock traded hands, compared to its average volume of 61,020,000. The company has a debt-to-equity ratio of 90.23, a current ratio of 1.55 and a quick ratio of 1.39. The stock has a market capitalization of $43.18 billion and a PE ratio of -5.72. Vodafone Group has a one year low of GBX 1.50 ($0.02) and a one year high of GBX 1,602 ($20.93). The company’s 50 day moving average is GBX 157.10 and its 200 day moving average is GBX 141.58.
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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