Vodafone Group Public (LON:VOD) Reaches New 52-Week High - Should You Buy?

Key Points

• Vodafone Group Public reached a new 52-week high of GBX 87.76 ($1.19) during trading, showing strong performance with a total of 35,953,594 shares traded.
• Berenberg Bank has initiated coverage on the stock with a "hold" rating and a price target of GBX 80, contributing to a consensus rating of "Hold" with a target price of GBX 73.
• Recent insider activity includes the sale of 885,183 shares by Margherita D. Valle, while Christine Ramon acquired 138,055 shares, indicating mixed insider sentiment.

Vodafone Group Public Limited (LON:VOD - Get Free Report) hit a new 52-week high on Tuesday . The stock traded as high as GBX 87.76 ($1.19) and last traded at GBX 87.18 ($1.18), with a volume of 35953594 shares. The stock had previously closed at GBX 87.04 ($1.18).

Wall Street Analyst Weigh In

Separately, Berenberg Bank assumed coverage on Vodafone Group Public in a report on Wednesday, June 25th. They issued a "hold" rating and a GBX 80 price target for the company. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Vodafone Group Public currently has a consensus rating of "Hold" and an average target price of GBX 73.

Vodafone Group Public Stock Performance

The stock has a market capitalization of £26.83 billion, a PE ratio of 40.27, a PEG ratio of 0.59 and a beta of 0.54. The company has a quick ratio of 0.78, a current ratio of 1.37 and a debt-to-equity ratio of 96.88. The firm has a 50 day moving average price of GBX 81.87 and a 200-day moving average price of GBX 74.95.

Insider Activity at Vodafone Group Public

In other Vodafone Group Public news, insider Margherita D. Valle sold 885,183 shares of the firm's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of GBX 83, for a total value of £734,701.89. Also, insider Christine Ramon bought 138,055 shares of Vodafone Group Public stock in a transaction dated Wednesday, August 6th. The shares were acquired at an average cost of GBX 83 per share, with a total value of £114,585.65. 5.90% of the stock is currently owned by company insiders.

Vodafone Group Public Company Profile

Vodafone is a leading European and African telecoms company. We serve over 340 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.