UBS AG set a GBX 270 ($3.53) price objective on Vodafone Group plc (LON:VOD) in a research report sent to investors on Wednesday, www.boersen-zeitung.de reports. The firm currently has a buy rating on the cell phone carrier’s stock.
A number of other research firms have also commented on VOD. Sanford C. Bernstein set a GBX 265 ($3.46) price target on Vodafone Group plc and gave the company a buy rating in a research report on Tuesday, May 30th. Goldman Sachs Group, Inc. (The) set a GBX 280 ($3.66) price target on Vodafone Group plc and gave the company a buy rating in a research report on Thursday, May 25th. Berenberg Bank reaffirmed a buy rating and set a GBX 259 ($3.38) price target on shares of Vodafone Group plc in a research report on Tuesday, June 20th. BNP Paribas upped their price target on Vodafone Group plc from GBX 225 ($2.94) to GBX 235 ($3.07) and gave the company a neutral rating in a research report on Thursday, May 18th. Finally, Deutsche Bank AG upped their price target on Vodafone Group plc from GBX 285 ($3.72) to GBX 300 ($3.92) and gave the company a buy rating in a research report on Monday, June 12th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of GBX 243.88 ($3.18).
Shares of Vodafone Group plc (LON:VOD) opened at 226.00 on Wednesday. Vodafone Group plc has a one year low of GBX 186.50 and a one year high of GBX 240.10. The company’s market capitalization is GBX 60.17 billion. The firm has a 50-day moving average price of GBX 222.25 and a 200-day moving average price of GBX 210.08.
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The company also recently declared a dividend, which will be paid on Friday, August 4th. Stockholders of record on Thursday, June 8th will be paid a €0.10 ($0.12) dividend. The ex-dividend date is Thursday, June 8th. This represents a dividend yield of 4.05%.
In other news, insider Nick Read sold 574,525 shares of the firm’s stock in a transaction on Monday, June 26th. The stock was sold at an average price of GBX 224 ($2.93), for a total value of £1,286,936 ($1,680,511.88).
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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