Volex PLC (LON:VLX) had its price target lifted by stock analysts at Liberum Capital from GBX 55 ($0.71) to GBX 70 ($0.90) in a report released on Thursday. The brokerage currently has a “buy” rating on the stock. Liberum Capital’s price objective points to a potential upside of 52.17% from the company’s previous close.

Shares of Volex PLC (LON:VLX) traded up 10.84% during trading on Thursday, hitting GBX 46.00. The stock had a trading volume of 1,799,300 shares. The firm has a 50-day moving average price of GBX 42.64 and a 200 day moving average price of GBX 43.50. The company’s market capitalization is GBX 40.92 million. Volex PLC has a 52 week low of GBX 28.75 and a 52 week high of GBX 49.31.

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Volex PLC Company Profile

Volex plc is a supplier of power cords and cable assembly solutions servicing a range of markets, including consumer electronics, telecommunications, data centers, medical equipment and the automotive industry. The Company’s segments include Power Cords, Cable Assemblies and Central. The Power Cords segment is engaged in the sale and manufacture of electrical power products to manufacturers of electrical/electronic devices and appliances.

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