Volex (LON:VLX) Sets New 52-Week High – Should You Buy?

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

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Peel Hunt reiterated a “buy” rating and set a GBX 380 price target on shares of Volex in a report on Thursday, October 16th. Berenberg Bank lifted their target price on Volex from GBX 430 to GBX 470 and gave the stock a “buy” rating in a research note on Tuesday, November 18th. Finally, Jefferies Financial Group boosted their target price on Volex from GBX 430 to GBX 470 and gave the stock a “buy” rating in a report on Thursday, November 13th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of GBX 415.

Volex Price Performance

The stock has a market capitalization of £776.26 million, a price-to-earnings ratio of 13.91 and a beta of 1.03. The company’s 50-day simple moving average is GBX 402.97 and its 200-day simple moving average is GBX 374.54. The company has a debt-to-equity ratio of 64.83, a current ratio of 1.53 and a quick ratio of 1.04.

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.