Vodafone Group (VOD) Given a GBX 130 Price Target at Societe Generale

Societe Generale set a GBX 130 ($1.70) target price on Vodafone Group (LON:VOD) in a research report report published on Tuesday morning. The firm currently has a sell rating on the cell phone carrier’s stock.

Several other equities research analysts have also recently commented on the company. Credit Suisse Group restated an outperform rating on shares of Vodafone Group in a research note on Thursday, November 1st. Deutsche Bank reaffirmed a buy rating and set a GBX 265 ($3.46) price target on shares of Vodafone Group in a research report on Friday, September 28th. Sanford C. Bernstein raised Vodafone Group to an outperform rating and set a GBX 230 ($3.01) price target on the stock in a research report on Wednesday, September 5th. Jefferies Financial Group set a GBX 165 ($2.16) price target on Vodafone Group and gave the stock a neutral rating in a research report on Monday, October 8th. Finally, Numis Securities reaffirmed a buy rating on shares of Vodafone Group in a research report on Wednesday, September 12th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of GBX 222.62 ($2.91).

LON VOD opened at GBX 160.42 ($2.10) on Tuesday. Vodafone Group has a 52 week low of GBX 197.45 ($2.58) and a 52 week high of GBX 239.65 ($3.13).

The firm also recently announced a dividend, which will be paid on Friday, February 1st. Investors of record on Thursday, November 22nd will be issued a dividend of €0.05 ($0.06) per share. This represents a dividend yield of 2.93%. The ex-dividend date of this dividend is Thursday, November 22nd.

In other Vodafone Group news, insider Margherita D. Valle bought 180,182 shares of the firm’s stock in a transaction that occurred on Friday, September 7th. The shares were acquired at an average cost of GBX 165 ($2.16) per share, with a total value of £297,300.30 ($388,475.50). Also, insider Michel Demare bought 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 18th. The shares were acquired at an average cost of GBX 168 ($2.20) per share, for a total transaction of £84,000 ($109,760.88). Insiders have purchased a total of 236,564 shares of company stock worth $39,189,442 over the last three months.

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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