Canaccord Genuity Group Forecasts Strong Price Appreciation for Volex (LON:VLX) Stock

Volex (LON:VLX) had its target price increased by research analysts at Canaccord Genuity Group from GBX 445 to GBX 500 in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports. The brokerage presently has a “hold” rating on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 13.12% from the company’s previous close.

Separately, Jefferies Financial Group increased their price objective on Volex from GBX 470 to GBX 500 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Volex presently has an average rating of “Moderate Buy” and a consensus price target of GBX 462.50.

Volex Price Performance

Volex stock opened at GBX 442 on Thursday. The company has a market capitalization of £811.76 million, a price-to-earnings ratio of 14.54 and a beta of 1.07. The company has a current ratio of 1.66, a quick ratio of 1.04 and a debt-to-equity ratio of 51.32. Volex has a 12 month low of GBX 190 and a 12 month high of GBX 500. The stock’s 50 day moving average is GBX 456.49 and its 200-day moving average is GBX 411.77.

Insider Buying and Selling at Volex

In related news, insider Nathaniel Rothschild bought 5,000 shares of Volex stock in a transaction dated Thursday, March 19th. The shares were bought at an average cost of GBX 430 per share, with a total value of £21,500. Insiders own 35.06% of the company’s stock.

Volex Company Profile

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.