Volex (LON:VLX) Sets New 1-Year High – Here’s What Happened

Volex plc (LON:VLX)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 479.50 and last traded at GBX 477, with a volume of 84077 shares trading hands. The stock had previously closed at GBX 472.50.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on VLX shares. Berenberg Bank raised their price target on Volex from GBX 430 to GBX 470 and gave the stock a “buy” rating in a report on Tuesday, November 18th. Jefferies Financial Group lifted their target price on shares of Volex from GBX 470 to GBX 500 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Volex currently has a consensus rating of “Buy” and an average target price of GBX 422.50.

Volex Stock Performance

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 has a market capitalization of £894.26 million, a PE ratio of 16.02 and a beta of 1.03. The firm’s 50 day moving average price is GBX 431.31 and its 200-day moving average price is GBX 390.19.

Insider Buying and Selling

In other Volex news, insider Nathaniel Rothschild acquired 95,000 shares of the company’s stock in a transaction on Thursday, January 8th. The shares were bought at an average cost of GBX 399 per share, with a total value of £379,050. Insiders own 35.06% of the company’s stock.

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.