Vodafone Adds 2 Million Shares to Treasury in Ongoing Buyback

The latest update is out from Vodafone ( (GB:VOD) ).

Vodafone Group Plc has continued its share buyback activity, repurchasing 2,000,000 ordinary shares on 20 March 2026 from Goldman Sachs International at a volume-weighted average price of 108.63 pence. The transaction forms part of an ongoing programme initiated in early February and executed on the London Stock Exchange.

The company will hold the repurchased shares in treasury, bringing its treasury stock to 1,773,441,620 shares and leaving 23,104,519,137 ordinary shares in issue excluding treasury. This move effectively reduces Vodafone’s free float and can enhance earnings per share over time, signalling continued capital returns to shareholders and active balance-sheet management in a competitive telecoms landscape.

The most recent analyst rating on (GB:VOD) stock is a Buy with a £120.00 price target. To see the full list of analyst forecasts on Vodafone stock, see the GB:VOD Stock Forecast page.

Spark’s Take on VOD Stock

According to Spark, TipRanks’ AI Analyst, VOD is a Neutral.

Vodafone’s overall stock score reflects a mix of financial challenges and positive strategic initiatives. The strong technical momentum and optimistic earnings call sentiment are offset by financial performance concerns and valuation issues. Corporate events further support a positive outlook.

To see Spark’s full report on VOD stock, click here.

More about Vodafone

Vodafone Group Plc is a global telecommunications company providing mobile and fixed-line connectivity, broadband, and related digital services to consumers and businesses. Listed in London, it is a major player in European and international telecom markets, where capital allocation decisions, including share buybacks and treasury share management, are closely watched by investors.

Average Trading Volume: 82,954,903

Technical Sentiment Signal: Buy

Current Market Cap: £24.94B

See more data about VOD stock on TipRanks’ Stock Analysis page.