Volex's (VLX) "Buy" Rating Reaffirmed at Peel Hunt

Key Points

• Volex's stock maintains a "buy" rating from Peel Hunt with a target price of GBX 380, indicating a potential upside of 2.98%.
• Multiple analysts have rated Volex as a "buy," with an average target price recently revised to GBX 395 based on market consensus.
• The company's stock showed positive performance, trading up to GBX 369, with a twelve-month high recorded at GBX 394.

Volex (LON:VLX - Get Free Report)'s stock had its "buy" rating reiterated by equities researchers at Peel Hunt in a note issued to investors on Thursday,Digital Look reports. They presently have a GBX 380 target price on the stock. Peel Hunt's price objective would suggest a potential upside of 2.98% from the stock's current price.

Other equities research analysts also recently issued reports about the stock. Jefferies Financial Group restated a "buy" rating and issued a GBX 430 target price on shares of Volex in a report on Thursday, August 7th. Berenberg Bank boosted their target price on shares of Volex from GBX 415 to GBX 430 and gave the company a "buy" rating in a report on Friday, July 11th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of GBX 395.

Volex Price Performance

Shares of LON VLX traded up GBX 15 during midday trading on Thursday, hitting GBX 369. The company had a trading volume of 901,877 shares, compared to its average volume of 598,292. The company has a quick ratio of 1.04, a current ratio of 1.53 and a debt-to-equity ratio of 64.83. Volex has a twelve month low of GBX 190 and a twelve month high of GBX 394. The business has a 50-day simple moving average of GBX 352.96 and a two-hundred day simple moving average of GBX 316.69. The firm has a market capitalization of £676.74 million, a price-to-earnings ratio of 1,441.41 and a beta of 1.03.

Insider Buying and Selling at Volex

In related news, insider John Wilson bought 89 shares of the firm's stock in a transaction that occurred on Friday, September 12th. The stock was purchased at an average price of GBX 335 per share, for a total transaction of £298.15. 34.98% of the stock is currently owned by company insiders.

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

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