Vodafone Group Public (LON:VOD) Hits New 12-Month High - Should You Buy?

Key Points

• Vodafone shares hit a new 52-week high, reaching GBX 123.80 and closing near GBX 123.40, up from the previous close of GBX 119.40.
• Analyst sentiment remains mixed: UBS maintained a “sell” rating with a GBX 95 target, while Deutsche Bank reiterated “buy” with a GBX 155 target. The overall consensus is “Hold,” with a GBX 114.60 target price.
• Insiders have recently bought shares, including purchases by Simon Dingemans and Stephen A. Carter; insiders bought 25,904 shares in the past 90 days, while insider ownership stands at 0.45%.

Vodafone Group Public Limited (LON:VOD - Get Free Report) shares reached a new 52-week high during trading on Thursday . The company traded as high as GBX 123.80 and last traded at GBX 123.40, with a volume of 228921953 shares trading hands. The stock had previously closed at GBX 119.40.

Wall Street Analyst Weigh In

VOD has been the topic of several research reports. UBS Group restated a "sell" rating and set a GBX 95 price target on shares of Vodafone Group Public in a research report on Monday, May 11th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a GBX 155 price objective on shares of Vodafone Group Public in a report on Tuesday, May 12th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of GBX 114.60.

Vodafone Group Public Price Performance

The firm has a market cap of £28.52 billion, a P/E ratio of -74.79, a price-to-earnings-growth ratio of 0.59 and a beta of 0.33. The company has a debt-to-equity ratio of 103.96, a current ratio of 1.07 and a quick ratio of 0.78. The firm's 50 day moving average is GBX 113.86 and its 200 day moving average is GBX 113.23.

Insider Buying and Selling

In related news, insider Simon Dingemans acquired 867 shares of Vodafone Group Public stock in a transaction that occurred on Thursday, July 30th. The stock was bought at an average price of GBX 121 per share, with a total value of £1,049.07. Also, insider Stephen A. Carter acquired 2,961 shares of the stock in a transaction on Friday, July 31st. The shares were bought at an average price of GBX 118 per share, with a total value of £3,493.98. In the last 90 days, insiders bought 25,904 shares of company stock valued at $3,147,577. 0.45% of the stock is owned by company insiders.

About Vodafone Group Public

Vodafone is a leading European and African telecoms company. We serve around 370 million mobile and broadband customers, operating networks in 15 countries with investments in a further four and partners in over 40 more. We have capacity on more than 70 subsea cable systems – the backbone of the internet – and we are developing a new direct-to-mobile satellite communications service to connect areas without coverage. Vodafone runs one of the world's largest IoT platforms, with over 240 million IoT connections globally, and we provide financial services to around 103 million customers across seven African countries – managing more transactions than any other provider. From the seabed to the stars, Vodafone's purpose is to keep everyone connected.

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