Vodafone Group (LON:VOD) Given a GBX 155 Price Target at Goldman Sachs Group

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Vodafone Group (LON:VOD) received a GBX 155 ($2.03) target price from equities research analysts at Goldman Sachs Group in a research report issued to clients and investors on Wednesday, Borsen Zeitung reports. The firm presently has a “buy” rating on the cell phone carrier’s stock. Goldman Sachs Group’s price objective points to a potential upside of 41.99% from the stock’s current price.

VOD has been the subject of several other reports. UBS Group reiterated a “buy” rating and set a GBX 190 ($2.48) target price on shares of Vodafone Group in a research note on Monday, July 27th. JPMorgan Chase & Co. set a GBX 190 ($2.48) target price on Vodafone Group and gave the stock a “buy” rating in a research note on Friday, July 24th. Bank of America reiterated a “buy” rating on shares of Vodafone Group in a research note on Monday, June 22nd. Jefferies Financial Group restated a “buy” rating and issued a GBX 159 ($2.08) price target on shares of Vodafone Group in a research note on Friday, July 24th. Finally, Credit Suisse Group set a GBX 170 ($2.22) price target on Vodafone Group and gave the company a “buy” rating in a research note on Monday, July 27th. One analyst has rated the stock with a sell rating, one has given a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of GBX 177.50 ($2.32).

Vodafone Group stock traded down GBX 0.46 ($0.01) during midday trading on Wednesday, reaching GBX 109.16 ($1.43). The stock had a trading volume of 59,275,216 shares, compared to its average volume of 76,860,484. The firm’s fifty day simple moving average is GBX 114.39 and its 200-day simple moving average is GBX 120.67. Vodafone Group has a 1-year low of GBX 1.38 ($0.02) and a 1-year high of GBX 195.65 ($2.56). The stock has a market capitalization of $29.29 billion and a P/E ratio of -3.87. The company has a debt-to-equity ratio of 129.88, a quick ratio of 0.84 and a current ratio of 1.02.

In other news, insider Nick Read sold 398,212 shares of the business’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of GBX 118 ($1.54), for a total transaction of £469,890.16 ($613,994.72). Also, insider Margherita D. Valle sold 131,684 shares of the business’s stock in a transaction on Friday, June 26th. The stock was sold at an average price of GBX 127 ($1.66), for a total value of £167,238.68 ($218,526.96).

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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