Vodafone Group (LON:VOD) Rating Reaffirmed
Vodafone Group (LON:VOD) just had their share rating of a ‘Buy’ issued by research analysts at Nomura, who now has a GBX 250.00 target price on the 60.17B GBP market cap company or a 12.51% upside potential. This key information was announced to investors in a very recent research note on Tuesday morning.
From a total of 22 analysts covering Vodafone Group PLC (LON:VOD) stock, 16 rate it a ”Buy”, 3 a “Sell”, and 9 a ”Hold”. This means that 57% of the ratings are positive. The highest target price is GBX 300 while the lowest target price is GBX 130. The mean of all analyst targets is GBX 242.77 with a 9.48% above today’s (GBX 225.85) stock price. Vodafone Group PLC was the topic of 75 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Nomura maintained shares on December 1 with “Buy” rating. RBC Capital Markets maintained shares with “Outperform” rating and GBX 260 target share price in a report from a November 18. UBS maintained VOD stock in a recent report from November 25 with “Buy” rating. Citigroup maintained the rating on November 12. Citigroup has a “Buy” rating and a GBX 265 price target on shares. Finally, Santander maintained the stock with “Hold” rating in a report issued on a November 19.
The stock increased 0.72% or GBX 1.6 on December 1, striking GBX 225.85. Approximately 43.81M shares of stock traded hands. Vodafone Group plc (LON:VOD) has declined 2.50% since May 4, 2015 and is downtrending. It has underperformed by 0.88% the S&P500.
Vodafone Group Plc is a mobile communications firm which provides services to mobile voice, messaging, data and fixed line. The company has a market cap of 60.17 billion GBP. The Company’s money transfer service, M-Pesa, enables people in emerging markets, to send and receive money through a mobile phone. It currently has negative earnings. The Firm also has products such as international money transfer, savings and loans, salary disbursements and access to insurance products in different markets.
According to Zacks Investment Research, “Vodafone AirTouch Plc is the world’s largest international mobile communications firm. Their primary operation is in digital and analog cellular telephone networks of Vodafone.” Get a free copy of the Zacks research report on Vodafone Group plc (VOD)