Vodafone Group Public (LON:VOD) Sets New 12-Month High – Here’s What Happened

Shares of Vodafone Group Public Limited (LON:VOD) reached a new 52-week high on Tuesday . The company traded as high as GBX 123.75 and last traded at GBX 122.71, with a volume of 120521133 shares changing hands. The stock had previously closed at GBX 120.15.

Analysts Set New Price Targets

Several research firms have recently weighed in on VOD. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 155 target price on shares of Vodafone Group Public in a research report on Tuesday, May 12th. Citigroup raised their target price on shares of Vodafone Group Public from GBX 100 to GBX 115 and gave the stock a “neutral” rating in a research report on Wednesday, April 15th. Finally, UBS Group restated a “sell” rating and issued a GBX 95 price objective on shares of Vodafone Group Public in a report on Monday, May 11th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of GBX 114.60.

Vodafone Group Public Price Performance

The firm’s fifty day moving average price is GBX 110.04 and its 200 day moving average price is GBX 111.05. The firm has a market capitalization of £27.51 billion, a PE ratio of -72.39, a P/E/G ratio of 0.59 and a beta of 0.32. The company has a current ratio of 1.07, a quick ratio of 0.78 and a debt-to-equity ratio of 103.96.

Insider Activity

In related news, insider Margherita D. Valle sold 2,658,846 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of GBX 122, for a total transaction of £3,243,792.12. Also, insider Simon Segars acquired 50,000 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were purchased at an average cost of GBX 114 per share, for a total transaction of £57,000. 0.45% of the stock is owned by company insiders.

About Vodafone Group Public

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.