Vodafone Group Public (LON:VOD) Sets New 12-Month High – Time to Buy?

Vodafone Group Public Limited (LON:VOD)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 96.61 and last traded at GBX 95.66, with a volume of 98653398 shares. The stock had previously closed at GBX 94.96.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on VOD shares. Berenberg Bank upped their price target on Vodafone Group Public from GBX 80 to GBX 82 and gave the company a “hold” rating in a research report on Friday, October 17th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Vodafone Group Public from GBX 135 to GBX 140 and gave the stock a “buy” rating in a research report on Tuesday, October 14th. UBS Group restated a “neutral” rating and set a GBX 72 price target on shares of Vodafone Group Public in a report on Friday, November 7th. Citigroup increased their price target on shares of Vodafone Group Public from GBX 75 to GBX 85 and gave the company a “neutral” rating in a report on Tuesday, October 14th. Finally, JPMorgan Chase & Co. lifted their price objective on Vodafone Group Public from GBX 62 to GBX 71 and gave the company an “underweight” rating in a report on Friday, November 28th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Vodafone Group Public currently has a consensus rating of “Hold” and an average target price of GBX 90.

Vodafone Group Public Price Performance

The company has a fifty day moving average price of GBX 90.79 and a two-hundred day moving average price of GBX 85.51. 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 firm has a market cap of £22.72 billion, a P/E ratio of -5.78, a PEG ratio of 0.59 and a beta of 0.54.

Insider Activity

In other news, insider Anne-Francoise Nesmes purchased 20,911 shares of Vodafone Group Public stock in a transaction that occurred on Friday, November 14th. The stock was acquired at an average cost of GBX 95 per share, for a total transaction of £19,865.45. 0.43% of the stock is currently owned by corporate insiders.

Vodafone Group Public Company Profile

Vodafone is a leading European and African telecoms company.

We serve over 355 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.