Vodafone Group plc (LON:VOD) Rating Reiterated by Numis Securities Ltd
Numis Securities Ltd restated their add rating on shares of Vodafone Group plc (LON:VOD) in a report issued on Wednesday morning. Numis Securities Ltd currently has a GBX 250 ($3.26) target price on the cell phone carrier’s stock.
Several other research firms have also weighed in on VOD. Sanford C. Bernstein set a GBX 265 ($3.45) price objective on shares of Vodafone Group plc and gave the stock a buy rating in a research note on Tuesday, May 30th. Goldman Sachs Group, Inc. (The) reiterated a buy rating and set a GBX 285 ($3.71) price objective on shares of Vodafone Group plc in a research note on Monday, July 24th. Societe Generale reiterated a sell rating and set a GBX 150 ($1.95) price objective on shares of Vodafone Group plc in a research note on Monday, July 24th. Credit Suisse Group reiterated an outperform rating on shares of Vodafone Group plc in a research note on Friday, July 21st. Finally, Berenberg Bank reiterated a buy rating and set a GBX 259 ($3.37) price objective on shares of Vodafone Group plc in a research note on Tuesday, June 20th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company. The stock has a consensus rating of Hold and an average target price of GBX 244.04 ($3.18).
Vodafone Group plc (VOD) opened at 220.30 on Wednesday. The company’s 50 day moving average price is GBX 221.11 and its 200-day moving average price is GBX 210.62. The stock’s market cap is GBX 58.65 billion. Vodafone Group plc has a 12-month low of GBX 186.50 and a 12-month high of GBX 240.10.
The firm also recently announced a dividend, which will be paid on Friday, August 4th. Investors of record on Thursday, June 8th will be issued a dividend of €0.10 ($0.12) per share. This represents a yield of 4.05%. The ex-dividend date is Thursday, June 8th.
In related news, insider Nick Read sold 574,525 shares of the company’s stock in a transaction that occurred on Monday, June 26th. The shares were sold at an average price of GBX 224 ($2.92), for a total value of £1,286,936 ($1,676,571.13).
About Vodafone Group plc
Vodafone Group Plc (Vodafone) is a telecommunications company. The Company’s business is organized into two geographic regions: Europe, and Africa, Middle East and Asia Pacific (AMAP). Its segments include Europe and AMAP. Its Europe segment includes geographic regions, such as Germany, Italy, the United Kingdom, Spain and Other Europe.
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