Berenberg Bank Forecasts Strong Price Appreciation for Volex (LON:VLX) Stock

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

Separately, Canaccord Genuity Group reduced their target price on shares of Volex from GBX 430 ($5.77) to GBX 340 ($4.56) and set a "buy" rating on the stock in a report on Tuesday, April 8th.

Volex Price Performance

LON VLX traded up GBX 5.28 ($0.07) on Friday, reaching GBX 372.78 ($5.01). 376,694 shares of the company's stock traded hands, compared to its average volume of 648,437. The stock has a market cap of £864.61 million, a PE ratio of 20.07 and a beta of 1.03. Volex has a 12 month low of GBX 190 ($2.55) and a 12 month high of GBX 394 ($5.29). The stock has a 50-day simple moving average of GBX 306.39 and a 200 day simple moving average of GBX 279.55. The company has a debt-to-equity ratio of 64.83, a current ratio of 1.53 and a quick ratio of 1.04.

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