Volex (LON:VLX) Sets New 52-Week High – Still a Buy?

Volex plc (LON:VLX)’s share price hit a new 52-week high on Tuesday . The company traded as high as GBX 435 and last traded at GBX 431.50, with a volume of 223926 shares trading hands. The stock had previously closed at GBX 425.

Analyst Upgrades and Downgrades

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

Volex Price Performance

The stock has a market capitalization of £783.43 million, a P/E ratio of 14.04 and a beta of 1.03. 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 business has a fifty day simple moving average of GBX 401.33 and a 200-day simple moving average of GBX 373.39.

About Volex

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. Headquartered in the UK, we orchestrate operations across 27 advanced manufacturing facilities, uniting 13,000 dynamic individuals from 25 different nations.