Vodafone Group Public (LON:VOD) Stock Price Passes Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Vodafone Group Public's stock price recently surpassed its 200-day moving average, trading at GBX 87.74 ($1.18) with a high of GBX 88.80 ($1.19).
• Berenberg Bank initiated coverage with a "hold" rating and a price target of GBX 80, aligning with the average market rating of "Hold" and a target of GBX 73.
• Insider trading activity included a significant sale of 885,183 shares by Margherita D. Valle and a purchase of 138,055 shares by Christine Ramon, both at an average price of GBX 83.

Vodafone Group Public Limited (LON:VOD - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 74.54 ($1.00) and traded as high as GBX 88.80 ($1.20). Vodafone Group Public shares last traded at GBX 87.74 ($1.18), with a volume of 40,663,773 shares trading hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank began coverage on Vodafone Group Public in a research note on Wednesday, June 25th. They set a "hold" rating and a GBX 80 price target on the stock. 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 a consensus target price of GBX 73.

Vodafone Group Public Price Performance

The firm has a 50 day simple moving average of GBX 82.40 and a 200-day simple moving average of GBX 75.18. 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 company has a market cap of £26.66 billion, a PE ratio of 40.01, a price-to-earnings-growth ratio of 0.59 and a beta of 0.54.

Insider Activity

In other Vodafone Group Public news, 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 value of £734,701.89. Also, insider Christine Ramon bought 138,055 shares of the business's stock in a transaction on Wednesday, August 6th. The stock was bought at an average price of GBX 83 per share, for a total transaction of £114,585.65. 5.90% of the stock is owned by 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.