Vodafone Group Public's (VOD) Buy Rating Reiterated at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank reaffirmed its “Buy” rating on Vodafone Group Public and maintained a GBX 160 price target, implying approximately 33.78% upside from the prior close.
• Berenberg also upgraded Vodafone to “Buy” and raised its target to GBX 140, although the broader analyst consensus remains “Hold” with a GBX 119 target price.
• Vodafone shares opened at GBX 119.60, while insiders have purchased 25,904 shares over the past 90 days; insiders own 0.48% of the company.

Vodafone Group Public (LON:VOD - Get Free Report)'s stock had its "buy" rating restated by stock analysts at Deutsche Bank Aktiengesellschaft in a research report issued to clients and investors on Friday, Digital Look reports. They currently have a GBX 160 price objective on the cell phone carrier's stock. Deutsche Bank Aktiengesellschaft's target price indicates a potential upside of 33.78% from the company's previous close.

Separately, Berenberg Bank upgraded Vodafone Group Public to a "buy" rating and raised their price target for the company from GBX 123 to GBX 140 in a research report on Friday, October 2nd. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Vodafone Group Public currently has a consensus rating of "Hold" and a consensus target price of GBX 119.

Vodafone Group Public Stock Performance

Shares of VOD stock opened at GBX 119.60 on Friday. The stock has a fifty day moving average price of GBX 122.79 and a 200 day moving average price of GBX 115.95. The stock has a market cap of £27.71 billion, a PE ratio of -72.48, a P/E/G ratio of 0.59 and a beta of 0.33. Vodafone Group Public has a 1 year low of GBX 83.40 and a 1 year high of GBX 132.07. The company has a debt-to-equity ratio of 103.96, a quick ratio of 0.78 and a current ratio of 1.07.

Insiders Place Their Bets

In other Vodafone Group Public news, insider Jean-François Van Boxmeer acquired 22,076 shares of the firm's stock in a transaction dated Tuesday, August 4th. The shares were acquired at an average price of GBX 122 per share, for a total transaction of £26,932.72. Also, insider Stephen A. Carter acquired 2,961 shares of the stock in a transaction dated Friday, July 31st. The stock was acquired at an average cost of GBX 118 per share, with a total value of £3,493.98. Over the last 90 days, insiders have purchased 25,904 shares of company stock valued at $3,147,577. Insiders own 0.48% of the company's stock.

About Vodafone Group Public

Vodafone is a leading European and African telecoms company. We serve around 370 million mobile and broadband customers, operating networks in 15 countries with investments in a further four and partners in over 40 more. We have capacity on more than 70 subsea cable systems – the backbone of the internet – and we are developing a new direct-to-mobile satellite communications service to connect areas without coverage. Vodafone runs one of the world's largest IoT platforms, with over 240 million IoT connections globally, and we provide financial services to around 103 million customers across seven African countries – managing more transactions than any other provider. From the seabed to the stars, Vodafone's purpose is to keep everyone connected.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.