Volex (LON:VLX) Price Target Raised to GBX 430 at Berenberg Bank

Volex (LON:VLX - Free Report) had its price target increased by Berenberg Bank from GBX 415 ($5.57) to GBX 430 ($5.77) in a report released on Friday, Marketbeat.com reports. They currently have a buy rating on the stock.

Separately, Canaccord Genuity Group dropped their target price on Volex from GBX 430 ($5.77) to GBX 340 ($4.57) and set a "buy" rating on the stock in a research report on Tuesday, April 8th.

Volex Stock Up 2.1%

Shares of LON VLX traded up GBX 7.50 ($0.10) during midday trading on Friday, reaching GBX 371 ($4.98). 439,232 shares of the company's stock were exchanged, compared to its average volume of 650,868. Volex has a 52-week low of GBX 190 ($2.55) and a 52-week high of GBX 394 ($5.29). The stock has a market capitalization of £860.48 million, a PE ratio of 19.97 and a beta of 1.03. The company has a debt-to-equity ratio of 64.83, a quick ratio of 1.04 and a current ratio of 1.53. The business's fifty day moving average price is GBX 315.45 and its two-hundred day moving average price is GBX 282.09.

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 sectors: Electric Vehicles, Consumer Electricals, Medical, Complex Industrial Technology and Off-Highway.