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

Volex (LON:VLX) had its target price upped by analysts at Jefferies Financial Group from GBX 430 to GBX 470 in a report released on Thursday, Marketbeat Ratings reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s price objective would indicate a potential upside of 9.81% from the stock’s current price.

Separately, Peel Hunt restated a “buy” rating and issued a GBX 380 price objective on shares of Volex in a report on Thursday, October 16th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of GBX 405.

Volex Price Performance

Volex stock traded up GBX 6 during mid-day trading on Thursday, hitting GBX 428. 1,154,534 shares of the company traded hands, compared to its average volume of 591,221. The stock has a market cap of £784.94 million, a price-to-earnings ratio of 16.72 and a beta of 1.03. The stock has a fifty day moving average price of GBX 361.56 and a 200-day moving average price of GBX 338.03. Volex has a one year low of GBX 190 and a one year high of GBX 434.50. The company has a debt-to-equity ratio of 64.83, a quick ratio of 1.04 and a current ratio of 1.53.

Insider Buying and Selling

In related news, insider John Wilson purchased 89 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The stock was purchased at an average price of GBX 335 per share, with a total value of £298.15. Insiders own 34.98% 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.