Volex (LON:VLX) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Volex (LON:VLX) had its price objective boosted by research analysts at Jefferies Financial Group from GBX 470 to GBX 500 in a research report issued on Thursday, MarketBeat.com reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s price objective would suggest a potential upside of 7.53% from the stock’s current price.

Several other analysts have also issued reports on VLX. Berenberg Bank boosted their target price on Volex from GBX 430 to GBX 470 and gave the company a “buy” rating in a research note on Tuesday, November 18th. Peel Hunt reissued 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, Volex currently has an average rating of “Buy” and an average price target of GBX 422.50.

Volex Trading Down 1.1%

LON:VLX opened at GBX 465 on Thursday. Volex has a 12 month low of GBX 190 and a 12 month high of GBX 478.50. The company has a current ratio of 1.53, a quick ratio of 1.04 and a debt-to-equity ratio of 64.83. The firm’s 50 day moving average is GBX 415.41 and its 200 day moving average is GBX 381. The stock has a market capitalization of £853.33 million, a PE ratio of 15.30 and a beta of 1.03.

Insider Transactions at Volex

In related news, insider Nathaniel Rothschild purchased 95,000 shares of the business’s stock in a transaction on Thursday, January 8th. The stock was acquired at an average price of GBX 399 per share, with a total value of £379,050. 34.98% of the stock is currently owned by insiders.

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.