Volex (LON:VLX) Stock Passes Above 200 Day Moving Average – What’s Next?

Volex plc (LON:VLXGet Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 353.71 and traded as high as GBX 408.50. Volex shares last traded at GBX 405.50, with a volume of 207,692 shares.

Analysts Set New Price Targets

Several analysts have weighed in on VLX shares. Berenberg Bank boosted their price target on Volex from GBX 430 to GBX 470 and gave the company a “buy” rating in a research note on Tuesday, November 18th. Jefferies Financial Group upped their price target on shares of Volex from GBX 430 to GBX 470 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Finally, Peel Hunt restated a “buy” rating and issued a GBX 380 price objective on shares of Volex in a report on Thursday, October 16th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 415.

Get Our Latest Report on VLX

Volex Stock Performance

The company has a debt-to-equity ratio of 64.83, a quick ratio of 1.04 and a current ratio of 1.53. The firm’s 50-day moving average price is GBX 381.44 and its two-hundred day moving average price is GBX 353.71. The stock has a market cap of £744.14 million, a price-to-earnings ratio of 13.34 and a beta of 1.03.

Insider Buying and Selling at Volex

In other news, insider John Wilson purchased 89 shares of the business’s stock in a transaction dated Friday, September 12th. The stock was acquired at an average price of GBX 335 per share, for a total transaction of £298.15. 34.98% of the stock is currently owned by company insiders.

Volex Company Profile

(Get Free Report)

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.

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