BNP Paribas Increases Vodafone Group plc (VOD) Price Target to GBX 235

Vodafone Group plc (LON:VOD) had its target price hoisted by investment analysts at BNP Paribas from GBX 225 ($2.85) to GBX 235 ($2.97) in a research note issued to investors on Thursday, May 18th, Marketbeat.com reports. The firm presently has a “neutral” rating on the cell phone carrier’s stock. BNP Paribas’ target price points to a potential upside of 5.59% from the stock’s previous close.

A number of other equities analysts have also recently commented on the company. HSBC Holdings plc restated a “hold” rating and set a GBX 225 ($2.85) target price on shares of Vodafone Group plc in a report on Wednesday, April 12th. Goldman Sachs Group, Inc. (The) raised their target price on Vodafone Group plc from GBX 270 ($3.42) to GBX 280 ($3.54) and gave the company a “buy” rating in a report on Monday, May 15th. Macquarie restated an “underperform” rating and set a GBX 219 ($2.77) target price (up from GBX 170 ($2.15)) on shares of Vodafone Group plc in a report on Wednesday, May 17th. Credit Suisse Group restated an “outperform” rating and set a GBX 225 ($2.85) target price on shares of Vodafone Group plc in a report on Wednesday, May 17th. Finally, Beaufort Securities upgraded Vodafone Group plc to a “buy” rating and lifted their price objective for the company from GBX 185 ($2.34) to GBX 260 ($3.29) in a research note on Tuesday, May 16th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the company. Vodafone Group plc presently has a consensus rating of “Hold” and a consensus target price of GBX 241.95 ($3.06).

Analyst Recommendations for Vodafone Group plc (LON:VOD)

Shares of Vodafone Group plc (LON VOD) traded up 0.61% during mid-day trading on Thursday, hitting GBX 222.55. 89,201,443 shares of the stock were exchanged. Vodafone Group plc has a 12 month low of GBX 186.50 and a 12 month high of GBX 240.10. The stock’s market cap is GBX 59.25 billion. The company has a 50-day moving average price of GBX 218.54 and a 200-day moving average price of GBX 206.07.

The business also recently disclosed a dividend, which will be paid on Friday, August 4th. Stockholders of record on Thursday, June 8th will be given a €0.10 ($0.11) dividend. The ex-dividend date is Thursday, June 8th. This represents a dividend yield of 4.05%.

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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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