Insider Buying: Volex (LON:VLX) Insider Buys 89 Shares of Stock

Key Points

• Insider John Wilson purchased 89 shares of Volex stock at an average price of GBX 335, amounting to a total investment of £298.15.
• Volex has a current market cap of £614.38 million and analysts have a consensus "Buy" rating with a price target averaging GBX 400.
• The company's stock has shown significant volatility, with a twelve month low of GBX 190 and a high of GBX 394.

Volex plc (LON:VLX - Get Free Report) insider John Wilson purchased 89 shares of the stock in a transaction that occurred on Friday, September 12th. The shares were purchased at an average price of GBX 335 per share, for a total transaction of £298.15.

Volex Price Performance

Volex stock traded down GBX 1 during trading hours on Friday, hitting GBX 356.50. 279,222 shares of the stock were exchanged, compared to its average volume of 609,252. 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 stock has a market capitalization of £653.81 million, a P/E ratio of 1,392.58 and a beta of 1.03. Volex plc has a 12 month low of GBX 190 and a 12 month high of GBX 394. The business's 50-day moving average is GBX 355.15 and its two-hundred day moving average is GBX 305.07.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on VLX. Jefferies Financial Group reiterated a "buy" rating and issued a GBX 430 target price on shares of Volex in a report on Thursday, August 7th. Berenberg Bank lifted their price target on shares of Volex from GBX 415 to GBX 430 and gave the company a "buy" rating in a research note on Friday, July 11th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and an average target price of GBX 400.

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