Volex PLC Given “Hold” Rating at N+1 Singer (VLX)
Volex PLC (LON:VLX)‘s stock had its “hold” rating reiterated by analysts at N+1 Singer in a research report issued to clients and investors on Wednesday, Analyst Ratings Network.com reports. They currently have a GBX 114 ($1.92) target price on the stock. N+1 Singer’s target price indicates a potential upside of 19.37% from the stock’s previous close.
Volex PLC (LON:VLX) traded down 3.05% during mid-day trading on Wednesday, hitting GBX 95.50. The stock had a trading volume of 287,850 shares. Volex PLC has a 52 week low of GBX 81.75 and a 52 week high of GBX 132.00. The stock has a 50-day moving average of GBX 103.3 and a 200-day moving average of GBX 112.0. The company’s market cap is £55.0 million.
A number of other firms have also recently commented on VLX. Analysts at Jefferies Group reiterated a “buy” rating on shares of Volex PLC in a research note on Thursday, April 10th. They now have a GBX 130 ($2.18) price target on the stock. Separately, analysts at Investec cut their price target on shares of Volex PLC from GBX 140 ($2.35) to GBX 130 ($2.18) in a research note on Wednesday, April 9th. They now have a “buy” rating on the stock. Finally, analysts at Nplus1 Brewin reiterated a “hold” rating on shares of Volex PLC in a research note on Wednesday, April 9th. They now have a GBX 114 ($1.92) price target on the stock. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of GBX 122 ($2.05).
Volex plc is provider of interconnect solutions and power products, servicing the telecommunications, datacoms/datacenter, industrial, consumer and medical sectors.
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