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 89.50 ($1.21), with significant trading volume of 793.7 million shares.
• Analyst ratings for Vodafone indicate a general consensus of "Hold," with a target price of GBX 73, despite Berenberg Bank setting a price objective of GBX 80.
• Insider trading activity includes the sale of 885,183 shares by Margherita D. Valle and the purchase of 138,055 shares by Christine Ramon, indicating mixed sentiment among company insiders.

Vodafone Group Public Limited (LON:VOD - Get Free Report) shares reached a new 52-week high on Wednesday . The company traded as high as GBX 89.50 ($1.21) and last traded at GBX 89.44 ($1.21), with a volume of 793700000 shares traded. The stock had previously closed at GBX 88.22 ($1.19).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank initiated coverage on shares of Vodafone Group Public in a research note on Wednesday, June 25th. They set a "hold" rating and a GBX 80 price objective for the company. Two analysts have rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of GBX 73.

Vodafone Group Public Stock Performance

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 fifty day moving average price of GBX 82.40 and a 200 day moving average price of GBX 75.18. The firm has a market cap of £26.99 billion, a PE ratio of 40.50, a price-to-earnings-growth ratio of 0.59 and a beta of 0.54.

Insider Activity

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

About Vodafone Group Public

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.

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