Vodafone Group PLC (LON:VOD) Rating Reaffirmed
Credit Suisse now has a GBX 230.00 TP on shares of Vodafone Group PLC (LON:VOD). The TP may imply a potential upside of 2.76% from the stock price of Vodafone Group PLC (LON:VOD). This rating was shown in an analyst research report on 2 December.
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 76 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Credit Suisse maintained shares on December 2 with “Outperform” rating. Santander maintained shares with “Hold” rating and GBX 240 target share price in a report from a November 19. Barclays Capital maintained VOD stock in a recent report from November 30 with “Overweight” rating. RBC Capital Markets maintained the rating on November 18. RBC Capital Markets has a “Outperform” rating and a GBX 260 price target on shares. Finally, JP Morgan maintained the stock with “Overweight” rating in a report issued on a November 24.
The stock increased 1.74% or GBX 3.85 on December 1, striking GBX 225.85. Approximately shares of stock traded hands. Vodafone Group plc (LON:VOD) has declined 2.87% since May 5, 2015 and is downtrending. It has underperformed by 2.67% 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 58.95 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)