Volex's (VLX) "Buy" Rating Reaffirmed at Jefferies Financial Group

Key Points

• Jefferies Financial Group has reaffirmed a "buy" rating on Volex (LON:VLX) with a price target of GBX 430 ($5.74), indicating an upside potential of 18.71% from the previous close.
• Berenberg Bank also raised its target price for Volex shares to GBX 430 ($5.74), maintaining a "buy" rating for the company.
• Volex's stock opened at GBX 362.24 ($4.84) and has a market capitalization of £840.16 million, reflecting strong interest amid its diversified operations in key sectors like Electric Vehicles and Medical technology.

Volex (LON:VLX - Get Free Report)'s stock had its "buy" rating reissued by equities researchers at Jefferies Financial Group in a research report issued on Thursday, MarketBeat reports. They currently have a GBX 430 ($5.78) price objective on the stock. Jefferies Financial Group's price objective would indicate a potential upside of 19.16% from the stock's current price.

Separately, Berenberg Bank lifted their target price on shares of Volex from GBX 415 ($5.58) to GBX 430 ($5.78) and gave the company a "buy" rating in a report on Friday, July 11th.

Volex Stock Down 0.1%

Shares of VLX traded down GBX 0.29 ($0.00) during midday trading on Thursday, reaching GBX 360.86 ($4.85). The stock had a trading volume of 305,287 shares, compared to its average volume of 621,439. Volex has a 1-year low of GBX 190 ($2.55) and a 1-year high of GBX 394 ($5.30). The company's fifty day simple moving average is GBX 344.83 and its two-hundred day simple moving average is GBX 291.67. The company has a market cap of £836.97 million, a price-to-earnings ratio of 19.42 and a beta of 1.03. 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.