Jefferies Financial Group Reaffirms "Buy" Rating for Volex (LON:VLX)

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 restated by research analysts at Jefferies Financial Group in a report released on Thursday, MarketBeat.com reports. They presently have a GBX 430 ($5.74) price target on the stock. Jefferies Financial Group's target price points to a potential upside of 18.71% from the company's previous close.

Separately, Berenberg Bank upped their target price on shares of Volex from GBX 415 ($5.54) to GBX 430 ($5.74) and gave the company a "buy" rating in a report on Friday, July 11th.

Volex Stock Up 0.6%

Shares of VLX stock opened at GBX 362.24 ($4.84) on Thursday. 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 firm's 50-day moving average is GBX 340.25 and its 200-day moving average is GBX 290.18. The stock has a market cap of £840.16 million, a price-to-earnings ratio of 19.50 and a beta of 1.03. Volex has a 52-week low of GBX 190 ($2.54) and a 52-week high of GBX 394 ($5.26).

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.

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