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

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

Analyst Ratings Changes

VOD has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 155 target price on shares of Vodafone Group Public in a report on Tuesday, May 12th. UBS Group restated a “sell” rating and set a GBX 95 price target on shares of Vodafone Group Public in a research report on Monday, May 11th. Citigroup upped their price target on Vodafone Group Public from GBX 100 to GBX 115 and gave the stock a “neutral” rating in a research note on Wednesday, April 15th. JPMorgan Chase & Co. increased 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. Finally, Berenberg Bank raised their price objective on Vodafone Group Public from GBX 119 to GBX 123 and gave the company a “buy” rating in a research report on Friday, March 20th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of GBX 114.60.

Vodafone Group Public Stock Up 12.3%

The stock’s 50 day simple moving average is GBX 109.67 and its two-hundred day simple moving average is GBX 109.32. The firm has a market cap of £25.28 billion, a P/E ratio of -66.53, a P/E/G ratio of 0.59 and a beta of 0.32. The company has a debt-to-equity ratio of 103.96, a current ratio of 1.07 and a quick ratio of 0.78.

Insiders Place Their Bets

In related news, insider Simon Segars acquired 50,000 shares of Vodafone Group Public stock in a transaction that occurred on Wednesday, May 13th. The stock was bought at an average price of GBX 114 per share, with a total value of £57,000. 0.45% of the stock is currently owned by company insiders.

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.