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

Shares of Vodafone Group Public Limited (LON:VOD - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 79.92 ($1.09) and last traded at GBX 79.05 ($1.08), with a volume of 80432500 shares trading hands. The stock had previously closed at GBX 77.78 ($1.06).

Analysts Set New Price Targets

Separately, Berenberg Bank initiated coverage on Vodafone Group Public in a report on Wednesday, June 25th. They set a "hold" rating and a GBX 80 ($1.09) target price for the company.

Vodafone Group Public Trading Up 0.3%

The company has a debt-to-equity ratio of 96.88, a current ratio of 1.37 and a quick ratio of 0.78. The firm has a market cap of £23.89 billion, a PE ratio of 35.85, a price-to-earnings-growth ratio of 0.59 and a beta of 0.54. The company's 50 day moving average price is GBX 74.36 and its 200 day moving average price is GBX 70.81.

Insider Buying and Selling

In other Vodafone Group Public news, insider Margherita D. Valle purchased 251,374 shares of the company's stock in a transaction on Wednesday, June 25th. The stock was acquired at an average price of GBX 77 ($1.05) per share, for a total transaction of £193,557.98 ($264,242.98). Also, insider Luka Mucic acquired 356,000 shares of the business's stock in a transaction dated Tuesday, May 20th. The shares were bought at an average cost of GBX 72 ($0.98) per share, for a total transaction of £256,320 ($349,924.91). 5.90% of the stock is owned by corporate 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.