Volex (LON:VLX) Price Target Raised to GBX 500

Volex (LON:VLX) had its price objective increased by Jefferies Financial Group from GBX 470 to GBX 500 in a research note issued to investors on Thursday, Marketbeat Ratings reports. The brokerage currently has a buy rating on the stock.

A number of other brokerages have also weighed in on VLX. Berenberg Bank raised their target price on shares of Volex from GBX 430 to GBX 470 and gave the company a “buy” rating in a research report on Tuesday, November 18th. Peel Hunt reissued a “buy” rating and issued a GBX 380 price target on shares of Volex in a research note on Thursday, October 16th. Four analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of GBX 422.50.

Volex Stock Performance

Volex stock opened at GBX 465 on Thursday. Volex has a twelve month low of GBX 190 and a twelve month high of GBX 478.50. The company has a quick ratio of 1.04, a current ratio of 1.53 and a debt-to-equity ratio of 64.83. The company has a market capitalization of £853.33 million, a PE ratio of 15.30 and a beta of 1.03. The firm has a fifty day simple moving average of GBX 415.41 and a two-hundred day simple moving average of GBX 381.07.

Insiders Place Their Bets

In other Volex news, insider Nathaniel Rothschild bought 95,000 shares of the stock in a transaction on Thursday, January 8th. The stock was acquired at an average cost of GBX 399 per share, for a total transaction of £379,050. Insiders own 34.98% of the company’s stock.

About Volex

Volex plc (AIM:VLX) is a driving force in integrated manufacturing for mission-critical applications and a global leader in power and data connectivity solutions. Our diverse operations support international blue-chip customers in five key end-markets: Electric Vehicles, Consumer Electricals, Medical, Complex Industrial Technology and Off-Highway. Headquartered in the UK, we orchestrate operations across 27 advanced manufacturing facilities, uniting 13,000 dynamic individuals from 25 different nations.