Vodafone Group (LON:VOD) Price Target Cut to GBX 144

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Vodafone Group (LON:VOD) had its price target lowered by Jefferies Financial Group from GBX 165 ($2.16) to GBX 144 ($1.88) in a report released on Wednesday, Borsen Zeitung reports. The brokerage currently has a hold rating on the cell phone carrier’s stock.

Several other equities research analysts also recently issued reports on the company. Citigroup reaffirmed an average rating on shares of Stoneridge in a report on Tuesday, May 7th. Credit Suisse Group reaffirmed a buy rating and set a $29.00 price target on shares of Clovis Oncology in a report on Wednesday, May 15th. Barclays reaffirmed an underweight rating on shares of in a report on Thursday, July 4th. HSBC reaffirmed a hold rating on shares of MARKS & SPENCER/S in a report on Friday, May 24th. Finally, UBS Group set a €110.00 ($127.91) price target on Wacker Chemie and gave the company a buy rating in a report on Thursday, June 13th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and fifteen have assigned a buy rating to the company. Vodafone Group presently has an average rating of Buy and an average price target of GBX 185.06 ($2.42).

Shares of Vodafone Group stock opened at GBX 131.74 ($1.72) on Wednesday. The firm’s fifty day simple moving average is GBX 129.43. Vodafone Group has a 1 year low of GBX 122.22 ($1.60) and a 1 year high of GBX 190.20 ($2.49). The firm has a market cap of $35.21 billion and a P/E ratio of -4.67. The company has a quick ratio of 1.39, a current ratio of 1.55 and a debt-to-equity ratio of 90.23.

The company also recently announced a dividend, which will be paid on Friday, August 2nd. Stockholders of record on Thursday, June 6th will be issued a dividend of €0.04 ($0.05) per share. This represents a dividend yield of 3.6%. The ex-dividend date is Thursday, June 6th. Vodafone Group’s dividend payout ratio is currently -0.28%.

In other news, insider Margherita D. Valle sold 109,102 shares of Vodafone Group stock in a transaction on Monday, July 1st. The stock was sold at an average price of GBX 129 ($1.69), for a total transaction of £140,741.58 ($183,903.80). Also, insider Nick Read bought 387,888 shares of the company’s stock in a transaction dated Wednesday, June 26th. The shares were purchased at an average cost of GBX 125 ($1.63) per share, with a total value of £484,860 ($633,555.47).

Vodafone Group Company Profile

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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