Shares of Volex plc (LON:VLX – Get Free Report) were down 11.6% on Monday. The stock traded as low as GBX 563 and last traded at GBX 563. Approximately 3,186,133 shares traded hands during trading, an increase of 46% from the average daily volume of 2,183,598 shares. The stock had previously closed at GBX 637.
Wall Street Analyst Weigh In
VLX has been the topic of several analyst reports. Berenberg Bank reaffirmed a “buy” rating and set a GBX 700 price target on shares of Volex in a research report on Tuesday, July 14th. Jefferies Financial Group restated a “buy” rating and set a GBX 750 price target on shares of Volex in a report on Monday. Canaccord Genuity Group reissued a “buy” rating and set a GBX 710 target price on shares of Volex in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Volex from GBX 500 to GBX 590 and gave the stock a “hold” rating in a report on Friday, June 26th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 687.50.
Read Our Latest Analysis on Volex
Volex Trading Down 11.6%
The firm has a market cap of £1.03 billion, a P/E ratio of 16.13 and a beta of 1.21. The firm’s fifty day moving average is GBX 616.72 and its two-hundred day moving average is GBX 589.95. The company has a quick ratio of 1.04, a current ratio of 1.74 and a debt-to-equity ratio of 46.75.
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.
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