Volex (LON:VLX) Earns “Buy” Rating from Canaccord Genuity Group

Volex (LON:VLX)‘s stock had its “buy” rating restated by analysts at Canaccord Genuity Group in a report released on Monday, Digital Look reports. They presently have a GBX 710 target price on the stock. Canaccord Genuity Group’s price target points to a potential upside of 29.72% from the company’s previous close.

Several other research firms have also issued reports on VLX. Deutsche Bank Aktiengesellschaft boosted their price target on Volex from GBX 500 to GBX 590 and gave the company a “hold” rating in a report on Friday, June 26th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 750 price objective on shares of Volex in a research note on Monday. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 700 price objective on shares of Volex in a research note on Tuesday, July 14th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Volex presently has a consensus rating of “Moderate Buy” and an average price target of GBX 700.

Volex Price Performance

Shares of Volex stock opened at GBX 547.32 on Monday. The stock has a market cap of £1.00 billion, a P/E ratio of 15.68 and a beta of 1.21. The company has a debt-to-equity ratio of 46.75, a quick ratio of 1.04 and a current ratio of 1.74. The stock’s fifty day moving average is GBX 616.68 and its 200 day moving average is GBX 591.96. Volex has a one year low of GBX 362.41 and a one year high of GBX 710.

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.