Vodafone Group Public (LON:VOD) Shares Up 12.3% – What’s Next?

Vodafone Group Public Limited (LON:VOD)’s stock price was up 12.3% during mid-day trading on Friday . The company traded as high as GBX 111.15 and last traded at GBX 109.78. Approximately 207,350,969 shares changed hands during mid-day trading, an increase of 140% from the average session volume of 86,397,664 shares. The stock had previously closed at GBX 97.76.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on VOD shares. UBS Group reiterated a “sell” rating and set a GBX 95 price objective on shares of Vodafone Group Public in a report on Monday, May 11th. Berenberg Bank boosted their price objective on shares of Vodafone Group Public from GBX 119 to GBX 123 and gave the company a “buy” rating in a research note on Friday, March 20th. JPMorgan Chase & Co. upped their price objective on Vodafone Group Public from GBX 71 to GBX 85 and gave the stock an “underweight” rating in a report on Thursday, March 19th. Citigroup boosted their price target on Vodafone Group Public from GBX 100 to GBX 115 and gave the company a “neutral” rating in a research report on Wednesday, April 15th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 155 price target on shares of Vodafone Group Public in a research note on Tuesday, May 12th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of GBX 114.60.

Vodafone Group Public Trading Up 12.3%

The firm has a fifty day moving average of GBX 109.76 and a 200-day moving average of GBX 109.32. The company has a debt-to-equity ratio of 103.96, a quick ratio of 0.78 and a current ratio of 1.07. The stock has a market capitalization of £25.28 billion, a price-to-earnings ratio of -66.53, a P/E/G ratio of 0.59 and a beta of 0.32.

Insider Activity at Vodafone Group Public

In related news, insider Simon Segars purchased 50,000 shares of Vodafone Group Public stock in a transaction that occurred on Wednesday, May 13th. The shares were purchased at an average cost of GBX 114 per share, with a total value of £57,000. Insiders own 0.45% of the company’s stock.

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.