Volex (LON:VLX) Stock Rating Reaffirmed as Buy by Berenberg Bank

Volex (LON:VLX)‘s stock had its “buy” rating restated by research analysts at Berenberg Bank in a research report issued on Thursday, Digital Look reports. They presently have a GBX 750 target price on the stock. Berenberg Bank‘s price target would suggest a potential upside of 40.98% from the stock’s previous close.

A number of other research analysts have also issued reports on VLX. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 710 price target on shares of Volex in a research report on Monday, October 19th. Jefferies Financial Group reissued a “buy” rating and set a GBX 750 price target on shares of Volex in a report on Monday, October 19th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 700.

Volex Stock Performance

Shares of VLX opened at GBX 532 on Thursday. Volex has a 1 year low of GBX 386 and a 1 year high of GBX 710. The company has a market cap of £966.03 million, a price-to-earnings ratio of 15.24 and a beta of 1.21. The firm has a fifty day moving average of GBX 608.13 and a 200-day moving average of GBX 556.85. The company has a debt-to-equity ratio of 46.75, a quick ratio of 1.04 and a current ratio of 1.74.

Volex Company Profile

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.