Berenberg Bank Forecasts Strong Price Appreciation for Vodafone Group Public (LON:VOD) Stock

Vodafone Group Public (LON:VOD) had its price objective hoisted by analysts at Berenberg Bank from GBX 119 to GBX 123 in a research note issued on Friday, MarketBeat.com reports. The brokerage currently has a “buy” rating on the cell phone carrier’s stock. Berenberg Bank’s price target suggests a potential upside of 14.53% from the stock’s previous close.

A number of other equities research analysts have also weighed in on VOD. Deutsche Bank Aktiengesellschaft boosted their price objective on Vodafone Group Public from GBX 140 to GBX 150 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. UBS Group reiterated a “sell” rating and issued a GBX 82 target price on shares of Vodafone Group Public in a research report on Friday, January 23rd. Finally, JPMorgan Chase & Co. boosted their price target on Vodafone Group Public from GBX 71 to GBX 85 and gave the stock an “underweight” rating in a report on Thursday. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of GBX 105.

Vodafone Group Public Stock Down 0.2%

Shares of LON:VOD opened at GBX 107.40 on Friday. The company has a fifty day moving average of GBX 109.22 and a 200-day moving average of GBX 97.39. The company has a market capitalization of £24.86 billion, a PE ratio of -6.49, a price-to-earnings-growth ratio of 0.59 and a beta of 0.34. The company has a debt-to-equity ratio of 102.06, a quick ratio of 0.78 and a current ratio of 1.17. Vodafone Group Public has a 52-week low of GBX 62.40 and a 52-week high of GBX 120.95.

About Vodafone Group Public

Vodafone is a leading European and African telecoms company. We provide mobile and fixed services to over 340 million customers in 15 countries, partner with mobile networks in over 40 more and have one of the world’s largest IoT platforms. In Africa, our financial technology businesses serve almost 88 million customers across seven countries – managing more transactions than any other provider.

Our purpose is to connect for a better future by using technology to improve lives, businesses and help progress inclusive sustainable societies.