Volex’s (VLX) Buy Rating Reiterated at Jefferies Financial Group

Volex (LON:VLX)‘s stock had its “buy” rating reiterated by research analysts at Jefferies Financial Group in a research note issued on Tuesday,London Stock Exchange reports. They presently have a GBX 700 price target on the stock. Jefferies Financial Group’s target price indicates a potential upside of 9.53% from the stock’s current price.

Several other research firms have also commented on VLX. Deutsche Bank Aktiengesellschaft upped their price target on shares of Volex from GBX 500 to GBX 590 and gave the stock a “hold” rating in a research report on Friday, June 26th. Berenberg Bank reissued a “buy” rating and set a GBX 700 target price on shares of Volex in a research note on Tuesday, July 14th. Finally, Canaccord Genuity Group upgraded shares of Volex to a “buy” rating and upped their target price for the stock from GBX 590 to GBX 600 in a research report on Tuesday, July 21st. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Volex currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 594.

Volex Price Performance

Shares of VLX opened at GBX 639.10 on Tuesday. The company has a market cap of £1.17 billion, a P/E ratio of 18.31 and a beta of 1.19. The stock has a fifty day moving average price of GBX 543.62 and a 200 day moving average price of GBX 541.67. The company has a debt-to-equity ratio of 46.75, a current ratio of 1.74 and a quick ratio of 1.04. Volex has a 12 month low of GBX 325 and a 12 month high of GBX 710.

Volex (LON:VLX) last posted its earnings results on Friday, June 26th. The company reported GBX 35.20 earnings per share (EPS) for the quarter. The company had revenue of GBX 124.26 billion for the quarter. Volex had a return on equity of 15.29% and a net margin of 5.29%. On average, research analysts forecast that Volex will post 30.9454191 earnings per share for the current year.

Insider Activity

In other Volex news, insider Nathaniel Rothschild purchased 7,500 shares of the firm’s stock in a transaction dated Thursday, July 9th. The stock was bought at an average price of GBX 510 per share, with a total value of £38,250. Insiders own 35.11% 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.