Vodafone Group Public (LON:VOD) Given New GBX 85 Price Target at Citigroup

Vodafone Group Public (LON:VOD) had its price objective boosted by Citigroup from GBX 75 to GBX 85 in a report released on Tuesday, Marketbeat Ratings reports. The firm currently has a neutral rating on the cell phone carrier’s stock.

A number of other analysts have also recently commented on the stock. Berenberg Bank assumed coverage on shares of Vodafone Group Public in a research report on Wednesday, June 25th. They issued a “hold” rating and a GBX 80 price objective for the company. Deutsche Bank Aktiengesellschaft increased their target price on Vodafone Group Public from GBX 135 to GBX 140 and gave the stock a “buy” rating in a report on Tuesday. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of GBX 101.67.

Vodafone Group Public Price Performance

VOD opened at GBX 85.16 on Tuesday. The company has a quick ratio of 0.78, a current ratio of 1.37 and a debt-to-equity ratio of 96.88. Vodafone Group Public has a 12 month low of GBX 62.40 and a 12 month high of GBX 89.72. The company has a fifty day simple moving average of GBX 86.32 and a 200 day simple moving average of GBX 79. The stock has a market cap of £20.42 billion, a P/E ratio of -534.25, a P/E/G ratio of 0.59 and a beta of 0.54.

Insider Activity

In related news, insider Christine Ramon acquired 138,055 shares of the business’s stock in a transaction on Wednesday, August 6th. The stock was purchased at an average cost of GBX 83 per share, for a total transaction of £114,585.65. Also, insider Margherita D. Valle sold 885,183 shares of the firm’s stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of GBX 83, for a total transaction of £734,701.89. Company insiders own 0.34% of the company’s stock.

About Vodafone Group Public

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.