Volex PLC PT Lowered to GBX 115 (VLX)
Research analysts at Investec cut their price objective on shares of Volex PLC (LON:VLX) from GBX 130 ($2.17) to GBX 115 ($1.92) in a report released on Wednesday. The firm currently has a “buy” rating on the stock. Investec’s target price indicates a potential upside of 38.97% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at N+1 Singer reiterated a “hold” rating on shares of Volex PLC in a research note on Thursday, June 12th. They now have a GBX 114 ($1.91) price target on the stock. Analysts at FinnCap upgraded shares of Volex PLC to a “buy” rating in a research note on Thursday, June 12th. They now have a GBX 90 ($1.50) price target on the stock, down previously from GBX 117 ($1.96). Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Volex PLC presently has a consensus rating of “Buy” and an average target price of GBX 112.60 ($1.88).
Volex PLC (LON:VLX) opened at 82.00 on Wednesday. Volex PLC has a 52-week low of GBX 75.285 and a 52-week high of GBX 128.803. The stock has a 50-day moving average of GBX 79.98 and a 200-day moving average of GBX 95.02. The company’s market cap is £52.9 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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