Barclays Raises Vodafone Group Public (LON:VOD) Price Target to GBX 85

Vodafone Group Public (LON:VODFree Report) had its target price hoisted by Barclays from GBX 80 ($1.00) to GBX 85 ($1.07) in a research note released on Wednesday morning, MarketBeat Ratings reports. The brokerage currently has an equal weight rating on the cell phone carrier’s stock.

Separately, Citigroup reaffirmed a neutral rating and issued a GBX 68 ($0.85) target price on shares of Vodafone Group Public in a research note on Wednesday, March 20th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of Hold and an average price target of GBX 98.40 ($1.24).

Check Out Our Latest Research Report on VOD

Vodafone Group Public Price Performance

LON:VOD opened at GBX 77.18 ($0.97) on Wednesday. The firm has a market capitalization of £20.90 billion, a price-to-earnings ratio of 241.19, a P/E/G ratio of 0.59 and a beta of 0.48. The company has a debt-to-equity ratio of 109.39, a quick ratio of 0.78 and a current ratio of 0.89. The stock has a fifty day moving average of GBX 68.90 and a 200 day moving average of GBX 69.41. Vodafone Group Public has a 52-week low of GBX 0.59 ($0.01) and a 52-week high of GBX 84.55 ($1.06).

Vodafone Group Public Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Friday, August 2nd. Shareholders of record on Thursday, June 6th will be issued a €0.05 ($0.05) dividend. The ex-dividend date is Thursday, June 6th. This represents a yield of 5.53%. Vodafone Group Public’s dividend payout ratio (DPR) is presently 2,500.00%.

Insider Buying and Selling at Vodafone Group Public

In other news, insider Luka Mucic acquired 2,460,000 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was acquired at an average price of GBX 70 ($0.88) per share, for a total transaction of £1,722,000 ($2,162,773.17). In related news, insider Luka Mucic acquired 2,460,000 shares of Vodafone Group Public stock in a transaction that occurred on Friday, March 15th. The stock was bought at an average price of GBX 70 ($0.88) per share, with a total value of £1,722,000 ($2,162,773.17). Also, insider Van Boxmeer bought 823,500 shares of the business’s stock in a transaction dated Wednesday, March 27th. The stock was bought at an average cost of GBX 69 ($0.87) per share, for a total transaction of £568,215 ($713,658.63). Insiders own 8.25% of the company’s stock.

About Vodafone Group Public

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Vodafone Group Public Limited Company provides telecommunication services in Europe and internationally. It offers mobile connectivity services comprising end-to-end services for mobile voice and data, messaging, device management, BYOx, and telecoms management, as well as professional and consulting services; and fixed line connectivity, such as fixed voice and data, broadband, software-defined networks, managed WAN, LAN, ethernet, and satellite; and financial services, as well as business and merchant services.

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Analyst Recommendations for Vodafone Group Public (LON:VOD)

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