Volex (LON:VLX - Get Free Report)'s stock had its "buy" rating reaffirmed by equities research analysts at Jefferies Financial Group in a report released on Tuesday,London Stock Exchange reports. They currently have a GBX 700 price target on the stock. Jefferies Financial Group's price target points to a potential upside of 9.53% from the stock's previous close.
Several other equities analysts have also recently commented on the stock. Deutsche Bank Aktiengesellschaft increased 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 issued a GBX 700 price objective on shares of Volex in a report on Tuesday, July 14th. Finally, Canaccord Genuity Group upgraded Volex to a "buy" rating and upped their price objective for the company from GBX 590 to GBX 600 in a research note on Tuesday, July 21st. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of GBX 594.
Check Out Our Latest Stock Analysis on Volex
Volex Trading Up 19.7%
VLX opened at GBX 639.10 on Tuesday. The stock has a market capitalization of £1.17 billion, a PE ratio of 18.31 and a beta of 1.19. The firm's fifty day moving average price is GBX 543.62 and its 200 day moving average price is 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 - Get Free Report) last announced its quarterly earnings data on Friday, June 26th. The company reported GBX 35.20 earnings per share for the quarter. The company had revenue of GBX 124.26 billion during the quarter. Volex had a net margin of 5.29% and a return on equity of 15.29%. As a group, research analysts expect that Volex will post 30.9454191 EPS for the current fiscal year.
Insider Buying and Selling at Volex
In other Volex news, insider Nathaniel Rothschild bought 7,500 shares of the company's stock in a transaction on Thursday, July 9th. The shares were bought at an average cost of GBX 510 per share, with a total value of £38,250. Company insiders own 35.11% of the company's stock.
About Volex
(
Get Free Report)
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.
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