Insider Buying: Volex (LON:VLX) Insider Purchases £379,050 in Stock

Volex plc (LON:VLX) insider Nathaniel Rothschild bought 95,000 shares of Volex stock in a transaction that occurred on Thursday, January 8th. The shares were acquired at an average cost of GBX 399 per share, with a total value of £379,050.

Volex Price Performance

LON:VLX opened at GBX 434.50 on Friday. The firm has a market cap of £797.36 million, a price-to-earnings ratio of 14.29 and a beta of 1.03. 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 fifty day moving average is GBX 405.06 and its two-hundred day moving average is GBX 376.25. Volex plc has a one year low of GBX 190 and a one year high of GBX 436.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on VLX shares. Berenberg Bank upped their price objective on shares of Volex from GBX 430 to GBX 470 and gave the stock a “buy” rating in a report on Tuesday, November 18th. Jefferies Financial Group boosted their price target on Volex from GBX 430 to GBX 470 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Finally, Peel Hunt reaffirmed a “buy” rating and set a GBX 380 price objective on shares of Volex in a research report on Thursday, October 16th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of GBX 415.

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. Headquartered in the UK, we orchestrate operations across 27 advanced manufacturing facilities, uniting 13,000 dynamic individuals from 25 different nations.