Vodafone Group Public (LON:VOD) Coverage Initiated at Berenberg Bank

Equities researchers at Berenberg Bank began coverage on shares of Vodafone Group Public (LON:VOD) in a research report issued to clients and investors on Wednesday, MarketBeat reports. The firm set a “hold” rating and a GBX 80 ($1.10) price target on the cell phone carrier’s stock. Berenberg Bank’s target price indicates a potential upside of 3.03% from the company’s previous close.

Vodafone Group Public Stock Performance

LON:VOD opened at GBX 77.64 ($1.07) on Wednesday. The company has a market cap of £23.46 billion, a price-to-earnings ratio of 35.22, a PEG ratio of 0.59 and a beta of 0.54. Vodafone Group Public has a 1 year low of GBX 62.40 ($0.86) and a 1 year high of GBX 79.50 ($1.09). The stock’s 50 day simple moving average is GBX 73.76 and its two-hundred day simple moving average is GBX 70.56. The company has a debt-to-equity ratio of 96.88, a current ratio of 1.37 and a quick ratio of 0.78.

Insider Buying and Selling

In other Vodafone Group Public news, insider Luka Mucic purchased 356,000 shares of the stock in a transaction that occurred on Tuesday, May 20th. The stock was purchased at an average price of GBX 72 ($0.99) per share, with a total value of £256,320 ($351,749.69). Also, insider Margherita D. Valle purchased 251,374 shares of the company’s stock in a transaction that occurred on Wednesday, June 25th. The stock was bought at an average price of GBX 77 ($1.06) per share, with a total value of £193,557.98 ($265,620.94). 5.90% of the stock is currently owned by company insiders.

Vodafone Group Public Company Profile

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.