Volex (LON:VLX) Price Target Raised to GBX 500

Volex (LON:VLX) had its price objective upped by Canaccord Genuity Group from GBX 445 to GBX 500 in a report issued on Thursday, MarketBeat Ratings reports. The brokerage presently has a “hold” rating on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 7.76% from the stock’s current price.

Separately, Jefferies Financial Group raised their price objective on Volex from GBX 470 to GBX 500 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 462.50.

Volex Trading Down 1.1%

Shares of LON VLX opened at GBX 464 on Thursday. The business’s 50 day moving average is GBX 455.81 and its two-hundred day moving average is GBX 410.64. The company has a debt-to-equity ratio of 51.32, a current ratio of 1.66 and a quick ratio of 1.04. Volex has a 1-year low of GBX 190 and a 1-year high of GBX 500. The stock has a market capitalization of £852.17 million, a P/E ratio of 15.26 and a beta of 1.07.

Insider Buying and Selling at Volex

In other news, insider Nathaniel Rothschild bought 5,000 shares of the stock in a transaction dated Thursday, March 19th. The stock was purchased at an average price of GBX 430 per share, for a total transaction of £21,500. Corporate insiders own 35.06% of the company’s stock.

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