Volex PLC’s Hold Rating Reaffirmed at N+1 Singer (VLX)
Volex PLC (LON:VLX)‘s stock had its “hold” rating restated by stock analysts at N+1 Singer in a report issued on Thursday. They currently have a GBX 114 ($1.92) target price on the stock. N+1 Singer’s price objective suggests a potential upside of 42.95% from the stock’s previous close.
A number of other analysts have also recently weighed in on VLX. Analysts at FinnCap upgraded shares of Volex PLC to a “buy” rating in a research note on Thursday. They now have a GBX 90 ($1.51) price target on the stock, down previously from GBX 117 ($1.97). Separately, 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 ($2.19) price target on the stock. Finally, analysts at Investec cut their price target on shares of Volex PLC from GBX 140 ($2.35) to GBX 130 ($2.19) in a research note on Wednesday, April 9th. They now have a “buy” rating on the stock. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of GBX 115.60 ($1.94).
Volex PLC (LON:VLX) traded up 1.37% on Thursday, hitting GBX 80.8455. 128,810 shares of the company’s stock traded hands. Volex PLC has a 52 week low of GBX 76.50 and a 52 week high of GBX 130.881. The stock’s 50-day moving average is GBX 93.10 and its 200-day moving average is GBX 106.9. The company’s market cap is £46.5 million.
Volex plc is provider of interconnect solutions and power products, servicing the telecommunications, datacoms/datacenter, industrial, consumer and medical sectors.
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