Vodafone Group Public (LON:VOD) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Vodafone Group Public Limited (LON:VOD)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 106.56 and traded as high as GBX 112.85. Vodafone Group Public shares last traded at GBX 111.40, with a volume of 2,147,000,000 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Berenberg Bank increased their target price on Vodafone Group Public from GBX 119 to GBX 123 and gave the company a “buy” rating in a research note on Friday, March 20th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 155 target price on shares of Vodafone Group Public in a research note on Tuesday, May 12th. UBS Group reissued a “sell” rating and issued a GBX 95 target price on shares of Vodafone Group Public in a research note on Monday, May 11th. JPMorgan Chase & Co. increased their target price on Vodafone Group Public from GBX 71 to GBX 85 and gave the company an “underweight” rating in a research note on Thursday, March 19th. Finally, Citigroup increased their target price on Vodafone Group Public from GBX 100 to GBX 115 and gave the company a “neutral” rating in a research note on Wednesday, April 15th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of GBX 114.60.

Vodafone Group Public Price Performance

The firm has a fifty day simple moving average of GBX 113.96 and a 200-day simple moving average of GBX 106.60. The company has a market capitalization of £25.68 billion, a P/E ratio of -6.73, a P/E/G ratio of 0.59 and a beta of 0.32. The company has a quick ratio of 0.78, a current ratio of 1.13 and a debt-to-equity ratio of 103.96.

Insider Activity

In other Vodafone Group Public news, insider Simon Segars purchased 50,000 shares of the stock in a transaction on Wednesday, May 13th. The stock was bought at an average cost of GBX 114 per share, for a total transaction of £57,000. 0.43% of the stock is 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.