Vodafone Group Public (LON:VOD) Share Price Passes Above 200-Day Moving Average – Here’s Why

Shares of Vodafone Group Public Limited (LON:VOD) crossed above its 200-day moving average during trading on Friday . The stock has a 200-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.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. UBS Group reissued a “sell” rating and issued a GBX 95 target price on shares of Vodafone Group Public in a research report on Monday, May 11th. Berenberg Bank upped their price target on shares of Vodafone Group Public from GBX 119 to GBX 123 and gave the company a “buy” rating in a report on Friday, March 20th. Citigroup increased their target price 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. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 155 target price on shares of Vodafone Group Public in a research note on Tuesday, May 12th. Finally, JPMorgan Chase & Co. increased their target price on shares of 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 research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of GBX 114.60.

Vodafone Group Public Stock Performance

The stock has a market cap of £25.55 billion, a price-to-earnings ratio of -67.17, 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. The firm’s 50-day moving average is GBX 114.24 and its two-hundred day moving average is GBX 107.22.

Insider Buying and Selling at Vodafone Group Public

In related 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 cost of GBX 114 per share, for a total transaction of £57,000. 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 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.