Volex plc (LON:VLX – Get Free Report)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 397.70 and traded as high as GBX 495. Volex shares last traded at GBX 488.17, with a volume of 274,666 shares trading hands.
Analysts Set New Price Targets
A number of research analysts recently issued reports on the company. Berenberg Bank lifted their target price on Volex from GBX 430 to GBX 470 and gave the stock a “buy” rating in a report on Tuesday, November 18th. Jefferies Financial Group lifted their price objective on shares of Volex from GBX 470 to GBX 500 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Volex has an average rating of “Buy” and a consensus target price of GBX 422.50.
Check Out Our Latest Research Report on VLX
Volex Price Performance
Insider Activity at Volex
In other news, insider Nathaniel Rothschild bought 95,000 shares of the company’s stock in a transaction dated Thursday, January 8th. The shares were acquired at an average cost of GBX 399 per share, with a total value of £379,050. 35.06% of the stock is currently owned by insiders.
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.
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