HSBC Analysts Give Vodafone Group (LON:VOD) a GBX 185 Price Target

Vodafone Group (LON:VOD) has been given a GBX 185 ($2.43) price target by investment analysts at HSBC in a research report issued to clients and investors on Thursday, Borsen Zeitung reports. The firm presently has a “buy” rating on the cell phone carrier’s stock. HSBC’s price target would indicate a potential upside of 23.30% from the company’s current price.

Several other analysts have also recently commented on the stock. JPMorgan Chase & Co. decreased their price target on shares of Vodafone Group from GBX 215 ($2.83) to GBX 210 ($2.76) and set an “overweight” rating for the company in a report on Wednesday, February 5th. Barclays restated a “buy” rating and set a GBX 190 ($2.50) price target on shares of Vodafone Group in a report on Monday, February 10th. Deutsche Bank reiterated a “buy” rating and issued a GBX 233 ($3.06) target price on shares of Vodafone Group in a research note on Thursday, February 6th. UBS Group reiterated a “buy” rating and issued a GBX 200 ($2.63) target price on shares of Vodafone Group in a research note on Wednesday. Finally, Credit Suisse Group reiterated an “outperform” rating on shares of Vodafone Group in a research note on Friday, February 7th. One investment analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of GBX 194.63 ($2.56).

VOD stock opened at GBX 150.04 ($1.97) on Thursday. The company has a debt-to-equity ratio of 142.43, a quick ratio of 0.93 and a current ratio of 0.99. The stock has a market cap of $40.17 billion and a P/E ratio of -5.32. The firm has a 50 day simple moving average of GBX 151.71 and a 200 day simple moving average of GBX 153.58. Vodafone Group has a 52 week low of GBX 1.69 ($0.02) and a 52 week high of GBX 185.05 ($2.43).

In other Vodafone Group news, insider Vivek Badrinath sold 162,062 shares of Vodafone Group stock in a transaction that occurred on 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.

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Analyst Recommendations for Vodafone Group (LON:VOD)

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