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

Vodafone Group Public (LON:VOD) had its price target raised by analysts at Citigroup from GBX 75 to GBX 85 in a research note issued to investors on Tuesday,London Stock Exchange reports. The brokerage presently has a “neutral” rating on the cell phone carrier’s stock. Citigroup’s price target points to a potential upside of 0.31% from the stock’s current price.

A number of other equities analysts also recently issued reports on the company. Deutsche Bank Aktiengesellschaft upped their price target on Vodafone Group Public from GBX 135 to GBX 140 and gave the stock a “buy” rating in a research report on Tuesday. Berenberg Bank began coverage on Vodafone Group Public in a research report on Wednesday, June 25th. They set a “hold” rating and a GBX 80 price target on the stock. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Vodafone Group Public has an average rating of “Hold” and a consensus target price of GBX 101.67.

Vodafone Group Public Stock Performance

Shares of LON:VOD opened at GBX 84.74 on Tuesday. The company has a market capitalization of £20.32 billion, a price-to-earnings ratio of -531.62, a price-to-earnings-growth ratio of 0.59 and a beta of 0.54. Vodafone Group Public has a 52 week low of GBX 62.40 and a 52 week high of GBX 89.72. The company has a quick ratio of 0.78, a current ratio of 1.37 and a debt-to-equity ratio of 96.88. The firm has a 50 day moving average of GBX 86.29 and a 200 day moving average of GBX 78.96.

Insider Buying and Selling at Vodafone Group Public

In other Vodafone Group Public news, insider Christine Ramon purchased 138,055 shares of the stock in a transaction on Wednesday, August 6th. The shares were bought at an average cost of GBX 83 per share, with a total value of £114,585.65. Also, insider Margherita D. Valle sold 885,183 shares of the stock in a transaction dated Monday, July 28th. The stock was sold at an average price of GBX 83, for a total transaction of £734,701.89. 0.34% of the stock is currently owned by corporate insiders.

Vodafone Group Public Company Profile

Vodafone is a leading European and African telecoms company.

We serve over 340 million mobile and broadband customers, operating networks in 15 countries with investments in a further five and partners in over 40 more. Our undersea cables transport around a sixth of the world’s internet traffic, and we are developing a new direct-to-mobile satellite communications service to connect areas without coverage.