Vodafone Group (VOD) Receives “Buy” Rating from Numis Securities

Numis Securities reiterated their buy rating on shares of Vodafone Group (LON:VOD) in a report released on Monday, February 25th. They currently have a GBX 220 ($2.87) price target on the cell phone carrier’s stock.

A number of other equities research analysts have also recently issued reports on VOD. BNP Paribas set a GBX 176 ($2.30) price target on shares of Vodafone Group and gave the company a buy rating in a report on Wednesday, November 28th. Berenberg Bank set a GBX 243 ($3.18) price target on shares of Vodafone Group and gave the company a buy rating in a report on Wednesday, November 28th. Credit Suisse Group set a GBX 225 ($2.94) price target on shares of Vodafone Group and gave the company a buy rating in a report on Tuesday, December 4th. Deutsche Bank set a GBX 265 ($3.46) price target on shares of Vodafone Group and gave the company a buy rating in a report on Wednesday, December 5th. Finally, Sanford C. Bernstein set a GBX 235 ($3.07) price target on shares of Vodafone Group and gave the company a buy rating in a report on Wednesday, December 12th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and fifteen have issued a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of GBX 199.42 ($2.61).

VOD stock traded down GBX 2.50 ($0.03) during midday trading on Monday, reaching GBX 144.26 ($1.89). The company had a trading volume of 84,119,698 shares, compared to its average volume of 61,020,000. The company has a debt-to-equity ratio of 81.54, a current ratio of 1.30 and a quick ratio of 1.28. Vodafone Group has a 1 year low of GBX 131 ($1.71) and a 1 year high of GBX 214.60 ($2.80). The stock has a market cap of $39.51 billion and a PE ratio of -5.12.

In other Vodafone Group news, insider David Thomas Nish purchased 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was bought at an average cost of GBX 132 ($1.72) per share, for a total transaction of £26,400 ($34,496.28).

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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