Vodafone Group Public (LON:VOD) Sets New 52-Week High – Time to Buy?

Vodafone Group Public Limited (LON:VOD) shares reached a new 52-week high on Thursday . The company traded as high as GBX 104.40 and last traded at GBX 104.08, with a volume of 273518031 shares traded. The stock had previously closed at GBX 101.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on VOD. JPMorgan Chase & Co. boosted their target price on Vodafone Group Public from GBX 62 to GBX 71 and gave the stock an “underweight” rating in a report on Friday, November 28th. UBS Group reissued a “neutral” rating and set a GBX 72 price objective on shares of Vodafone Group Public in a research note on Friday, November 7th. Citigroup raised their target price on Vodafone Group Public from GBX 75 to GBX 85 and gave the stock a “neutral” rating in a research note on Tuesday, October 14th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Vodafone Group Public from GBX 135 to GBX 140 and gave the company a “buy” rating in a research report on Tuesday, October 14th. Finally, Berenberg Bank upped their price objective on shares of Vodafone Group Public from GBX 80 to GBX 82 and gave the company a “hold” rating in a report on Friday, October 17th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Vodafone Group Public has a consensus rating of “Hold” and a consensus price target of GBX 90.

Vodafone Group Public Trading Up 2.1%

The business has a fifty day moving average price of GBX 96.49 and a two-hundred day moving average price of GBX 89.69. 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 market capitalization of £24.23 billion, a PE ratio of -6.23, a PEG ratio of 0.59 and a beta of 0.54.

Insider Buying and Selling at Vodafone Group Public

In related news, insider Anne-Francoise Nesmes purchased 20,911 shares of Vodafone Group Public stock in a transaction dated Friday, November 14th. The shares were acquired at an average cost of GBX 95 per share, with a total value of £19,865.45. 0.43% of the stock is currently owned by corporate insiders.

Vodafone Group Public Company Profile

Vodafone is a leading European and African telecoms company.

We serve over 355 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. Vodafone runs one of the world’s largest IoT platforms, with 215 million IoT connections globally, and we provide financial services to around 92 million customers across seven African countries – managing more transactions than any other provider.

From the seabed to the stars, Vodafone’s purpose is to keep everyone connected.

For more information, please visit www.vodafone.com follow us on X at @VodafoneGroup or connect with us on LinkedIn at www.linkedin.com/company/vodafone.