Jefferies Financial Group Reaffirms Buy Rating for Volex (LON:VLX)

Volex (LON:VLX)‘s stock had its “buy” rating reaffirmed by Jefferies Financial Group in a research note issued to investors on Thursday,London Stock Exchange reports. They currently have a GBX 700 price objective on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 23.66% from the company’s current price.

Separately, Canaccord Genuity Group raised their price target on Volex from GBX 445 to GBX 500 and gave the stock a “hold” rating in a research report on Thursday, March 26th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Volex currently has an average rating of “Moderate Buy” and an average price target of GBX 512.50.

Volex Price Performance

VLX opened at GBX 566.07 on Thursday. The company has a fifty day moving average price of GBX 620.80 and a two-hundred day moving average price of GBX 508.15. The firm has a market capitalization of £1.04 billion, a PE ratio of 18.62 and a beta of 1.18. Volex has a 52 week low of GBX 309.03 and a 52 week high of GBX 710. The company has a debt-to-equity ratio of 51.32, a quick ratio of 1.04 and a current ratio of 1.66.

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.