Vodafone Group (LON:VOD) has been assigned a GBX 265 ($3.46) target price by investment analysts at Deutsche Bank in a note issued to investors on Wednesday. The brokerage currently has a “buy” rating on the cell phone carrier’s stock. Deutsche Bank’s target price would indicate a potential upside of 61.86% from the company’s current price.
Several other analysts have also recently weighed in on the stock. Credit Suisse Group set a GBX 225 ($2.94) price objective on shares of Vodafone Group and gave the stock a “buy” rating in a research note on Tuesday. Berenberg Bank set a GBX 243 ($3.18) price objective on shares of Vodafone Group and gave the stock a “buy” rating in a research note on Wednesday, November 28th. BNP Paribas set a GBX 176 ($2.30) price objective on shares of Vodafone Group and gave the stock a “buy” rating in a research note on Wednesday, November 28th. HSBC set a GBX 180 ($2.35) price objective on shares of Vodafone Group and gave the stock a “neutral” rating in a research note on Friday, November 16th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Vodafone Group in a research note on Wednesday, November 14th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the stock. Vodafone Group presently has a consensus rating of “Buy” and a consensus target price of GBX 216.30 ($2.83).
Shares of Vodafone Group stock opened at GBX 163.73 ($2.14) on Wednesday. Vodafone Group has a twelve month low of GBX 197.45 ($2.58) and a twelve month high of GBX 239.65 ($3.13).
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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