Vodafone Group Public (LON:VOD) Reaches New 12-Month High – What’s Next?

Vodafone Group Public Limited (LON:VOD) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 122.05 and last traded at GBX 120.40, with a volume of 84327242 shares traded. The stock had previously closed at GBX 118.65.

Analysts Set New Price Targets

Several research firms have issued reports on VOD. 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 report on Wednesday, April 15th. JPMorgan Chase & Co. raised their price target on shares of Vodafone Group Public from GBX 71 to GBX 85 and gave the stock an “underweight” rating in a research report on Thursday, March 19th. Berenberg Bank raised their price target on shares of Vodafone Group Public from GBX 119 to GBX 123 and gave the stock a “buy” rating in a research report on Friday, March 20th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 155 price target on shares of Vodafone Group Public in a research report on Tuesday. Finally, UBS Group restated a “sell” rating and issued a GBX 95 price target on shares of Vodafone Group Public in a research report on Monday. Two 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. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of GBX 114.60.

Vodafone Group Public Stock Performance

The company has a debt-to-equity ratio of 102.06, a quick ratio of 0.78 and a current ratio of 1.17. The firm’s 50-day moving average price is GBX 113.27 and its two-hundred day moving average price is GBX 104.78. The firm has a market capitalization of £26.02 billion, a price-to-earnings ratio of -6.82, a price-to-earnings-growth ratio of 0.59 and a beta of 0.32.

About Vodafone Group Public

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.