Volex (LON:VLX) Reaches New 1-Year High – Here’s What Happened

Volex plc (LON:VLXGet Free Report)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 663 and last traded at GBX 652, with a volume of 541902 shares changing hands. The stock had previously closed at GBX 651.

Analysts Set New Price Targets

A number of research analysts have issued reports on VLX shares. Jefferies Financial Group reissued a “buy” rating and set a GBX 540 target price on shares of Volex in a research note on Wednesday, April 22nd. Canaccord Genuity Group upped their price target on shares of Volex from GBX 445 to GBX 500 and gave the stock a “hold” rating in a research note on Thursday, March 26th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 472.50.

View Our Latest Analysis on VLX

Volex Price Performance

The stock’s fifty day moving average price is GBX 502.04 and its 200-day moving average price is GBX 448.93. The company has a debt-to-equity ratio of 51.32, a current ratio of 1.66 and a quick ratio of 1.04. The firm has a market cap of £1.20 billion, a price-to-earnings ratio of 21.45 and a beta of 1.16.

Insider Activity

In other news, insider Nathaniel Rothschild purchased 5,000 shares of the business’s stock in a transaction dated Thursday, March 19th. The shares were acquired at an average price of GBX 430 per share, for a total transaction of £21,500. 35.06% of the stock is owned by corporate 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. Headquartered in the UK, we orchestrate operations across 27 advanced manufacturing facilities, uniting 13,000 dynamic individuals from 25 different nations.

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