Vodafone Group Public (LON:VOD) Sets New 1-Year High - Still a 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) hit a new 52-week high during mid-day trading 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).

Wall Street Analyst Weigh In

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

Vodafone Group Public Stock Down 0.5%

The company has a market capitalization of £21.36 billion, a PE ratio of -551.32, a PEG ratio of 0.59 and a beta of 0.54. The company's 50 day moving average is GBX 83.16 and its two-hundred day moving average is GBX 75.65. The company has a quick ratio of 0.78, a current ratio of 1.37 and a debt-to-equity ratio of 96.88.

Insiders Place Their Bets

In other Vodafone Group Public news, insider Christine Ramon acquired 138,055 shares of the company's stock in a transaction on Wednesday, August 6th. The stock was acquired at an average cost of GBX 83 per share, with a total value of £114,585.65. Also, insider Margherita D. Valle sold 885,183 shares of Vodafone Group Public stock in a transaction dated Monday, July 28th. The stock was sold at an average price of GBX 83, for a total transaction of £734,701.89. Company insiders own 0.34% of the company's stock.

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.