Vodafone Group Public (LON:VOD) Hits New 1-Year High – What’s Next?

Vodafone Group Public Limited (LON:VOD)’s stock price reached a new 52-week high on Thursday . The stock traded as high as GBX 131.10 and last traded at GBX 113.71, with a volume of 452824875 shares. The stock had previously closed at GBX 114.

Wall Street Analysts Forecast Growth

VOD has been the topic of several recent analyst reports. Berenberg Bank boosted their price target on Vodafone Group Public from GBX 119 to GBX 123 and gave the stock a “buy” rating in a research report on Friday, March 20th. Citigroup lifted their target price on Vodafone Group Public from GBX 100 to GBX 115 and gave the stock a “neutral” rating in a research note on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 155 target price on shares of Vodafone Group Public in a research note on Tuesday, May 12th. UBS Group reiterated a “sell” rating and set a GBX 95 target price on shares of Vodafone Group Public in a research note on Monday, May 11th. Finally, JPMorgan Chase & Co. lifted their target price on Vodafone Group Public from GBX 71 to GBX 85 and gave the stock an “underweight” rating in a research note on Thursday, March 19th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Vodafone Group Public has an average rating of “Hold” and an average target price of GBX 114.60.

Vodafone Group Public Price Performance

The company has a 50 day moving average of GBX 113.61 and a 200-day moving average of GBX 105.58. The firm has a market capitalization of £26.20 billion, a P/E ratio of -6.87, a P/E/G ratio of 0.59 and a beta of 0.32. The company has a current ratio of 1.13, a quick ratio of 0.78 and a debt-to-equity ratio of 103.96.

Insider Transactions at Vodafone Group Public

In other news, insider Simon Segars purchased 50,000 shares of Vodafone Group Public stock in a transaction that occurred on Wednesday, May 13th. The stock was acquired at an average cost of GBX 114 per share, for a total transaction of £57,000. 0.43% of the stock is owned by company 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.