Vodafone Group Public (LON:VOD) Price Target Raised to GBX 140 at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank Aktiengesellschaft raised the target price for Vodafone Group Public from GBX 135 to GBX 140, indicating a potential upside of 65.21% from its current price.
• Berenberg Bank has initiated coverage with a "hold" rating and a lower target price of GBX 80, contrasting with Deutsche Bank's more optimistic outlook.
• Insider activity was notable, with one insider purchasing 138,055 shares at GBX 83 per share, while another sold 885,183 shares at the same price.

Vodafone Group Public (LON:VOD - Get Free Report) had its target price boosted by investment analysts at Deutsche Bank Aktiengesellschaft from GBX 135 to GBX 140 in a research note issued on Tuesday,London Stock Exchange reports. The brokerage presently has a "buy" rating on the cell phone carrier's stock. Deutsche Bank Aktiengesellschaft's target price suggests a potential upside of 65.21% from the company's current price.

Separately, Berenberg Bank assumed coverage on shares of Vodafone Group Public in a report on Wednesday, June 25th. They issued a "hold" rating and a GBX 80 price target on the stock. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Vodafone Group Public presently has a consensus rating of "Hold" and an average price target of GBX 101.67.

Vodafone Group Public Trading Up 0.4%

LON VOD opened at GBX 84.74 on Tuesday. The company's 50-day moving average price is GBX 86.29 and its 200-day moving average price is GBX 78.96. The company has a current ratio of 1.37, a quick ratio of 0.78 and a debt-to-equity ratio of 96.88. The stock has a market cap of £20.32 billion, a PE ratio of -531.62, a PEG ratio of 0.59 and a beta of 0.54. Vodafone Group Public has a 12 month low of GBX 62.40 and a 12 month high of GBX 89.72.

Insider Activity

In other news, insider Christine Ramon purchased 138,055 shares of the firm's stock in a transaction on Wednesday, August 6th. The stock was acquired at an average cost of GBX 83 per share, with a total value of £114,585.65. Also, insider Margherita D. Valle sold 885,183 shares of the stock in a transaction dated Monday, July 28th. The shares were sold at an average price of GBX 83, for a total transaction of £734,701.89. Corporate 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.

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