Vodafone Group Public (LON:VOD) Shares Cross Above 200 Day Moving Average - Here's What Happened

Key Points

• Vodafone Group's stock price has recently surpassed its two hundred day moving average of GBX 72.47, reaching a high of GBX 86.40 during trading, and it last traded at GBX 85.06.
• Berenberg Bank has initiated coverage on Vodafone shares with a "hold" rating and a price target of GBX 80 ($1.08).
• Insider transactions include significant purchases by Luka Mucic and Margherita D. Valle, indicating confidence in the company's stock by its executives.

Vodafone Group Public Limited (LON:VOD - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 72.47 ($0.97) and traded as high as GBX 86.40 ($1.16). Vodafone Group Public shares last traded at GBX 85.06 ($1.14), with a volume of 102,523,227 shares trading hands.

Analysts Set New Price Targets

Separately, Berenberg Bank initiated coverage on shares of Vodafone Group Public in a research report on Wednesday, June 25th. They issued a "hold" rating and a GBX 80 ($1.08) price objective on the stock.

Vodafone Group Public Trading Down 1.1%

The company has a debt-to-equity ratio of 96.88, a quick ratio of 0.78 and a current ratio of 1.37. The firm has a fifty day moving average price of GBX 77.97 and a 200 day moving average price of GBX 72.47. The company has a market cap of £25.71 billion, a price-to-earnings ratio of 38.58, a P/E/G ratio of 0.59 and a beta of 0.54.

Insider Activity

In other news, insider Margherita D. Valle acquired 251,374 shares of the stock in a transaction dated Wednesday, June 25th. The shares were bought at an average cost of GBX 77 ($1.03) per share, for a total transaction of £193,557.98 ($260,123.61). Also, insider Luka Mucic acquired 356,000 shares of the stock in a transaction dated Tuesday, May 20th. The shares were purchased at an average price of GBX 72 ($0.97) per share, for a total transaction of £256,320 ($344,469.83). 5.90% of the stock is owned by insiders.

Vodafone Group Public Company Profile

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.