Vodafone Group Public (LON:VOD) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Vodafone Group Public Limited (LON:VOD)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 107.22 and traded as high as GBX 111.60. Vodafone Group Public shares last traded at GBX 110.84, with a volume of 143,206,828 shares changing hands.

Analysts Set New Price Targets

VOD has been the topic of several analyst reports. UBS Group reissued a “sell” rating and issued a GBX 95 price target on shares of Vodafone Group Public in a report on Monday, May 11th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 155 price target on shares of Vodafone Group Public in a report on Tuesday, May 12th. Citigroup raised their price target on shares of Vodafone Group Public from GBX 100 to GBX 115 and gave the stock a “neutral” rating in a research note on Wednesday, April 15th. Berenberg Bank lifted their price objective on Vodafone Group Public from GBX 119 to GBX 123 and gave the company a “buy” rating in a report on Friday, March 20th. Finally, JPMorgan Chase & Co. upped their price objective on Vodafone Group Public from GBX 71 to GBX 85 and gave the company 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of GBX 114.60.

Vodafone Group Public Price Performance

The company’s 50 day moving average price is GBX 114.24 and its 200 day moving average price is GBX 107.22. The company has a debt-to-equity ratio of 103.96, a quick ratio of 0.78 and a current ratio of 1.13. The company has a market cap of £25.52 billion, a price-to-earnings ratio of -67.17, a P/E/G ratio of 0.59 and a beta of 0.32.

Insider Buying and Selling at Vodafone Group Public

In other news, insider Simon Segars bought 50,000 shares of the stock in a transaction dated Wednesday, May 13th. The shares were acquired at an average price of GBX 114 per share, with a total value of £57,000. Insiders own 0.45% of the company’s stock.

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.