Volex (LON:VLX) Price Target Raised to GBX 750

Volex (LON:VLX) had its price objective increased by Berenberg Bank from GBX 700 to GBX 750 in a report released on Tuesday morning, MarketBeat.com reports. They currently have a buy rating on the stock.

Several other research analysts have also recently commented on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of Volex from GBX 500 to GBX 590 and gave the stock a “hold” rating in a report on Friday, June 26th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 750 price target on shares of Volex in a research note on Monday. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 710 price target on shares of Volex in a research note on Monday. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 700.

Volex Stock Performance

LON VLX opened at GBX 532 on Tuesday. The company has a quick ratio of 1.04, a current ratio of 1.74 and a debt-to-equity ratio of 46.75. The company has a market capitalization of £973.68 million, a P/E ratio of 15.24 and a beta of 1.21. Volex has a 12-month low of GBX 362.41 and a 12-month high of GBX 710. The firm has a 50-day moving average price of GBX 616.12 and a two-hundred day moving average price of GBX 592.37.

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.