Beaufort Securities Reiterates Its Buy Rating on Vodafone Group PLC (LON:VOD) Shares Today

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Vodafone Group PLC (LON:VOD) Rating Reaffirmed

In a note distributed by Beaufort Securities on 8 December, The Rating on Vodafone Group PLC (LON:VOD) shares of a ‘Buy’ was has reaffirmed.

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 243.5 with a 12.38% above today’s (GBX 219.6) stock price. Vodafone Group PLC was the topic of 78 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. AlphaValue maintained shares on December 3 with “Add” rating. UBS maintained shares with “Buy” rating and GBX 280 target share price in a report from a November 25. Credit Suisse maintained VOD stock in a recent report from December 2 with “Outperform” rating. JP Morgan maintained the rating on November 24. JP Morgan has a “Overweight” rating and a GBX 265 price target on shares. Finally, Barclays Capital maintained the stock with “Overweight” rating in a report issued on a November 30.

Approximately 4.09 million shares of stock traded hands. Vodafone Group plc (LON:VOD) has declined 7.14% since May 11, 2015 and is downtrending. It has underperformed by 6.54% the S&P500.

Beaufort Securities Reiterates Its Buy Rating on Vodafone Group PLC (LON:VOD) Shares Today

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 57.58 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).

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