Volex (LON:VLX) Stock Keeps Buy Rating at Jefferies Financial Group

Volex (LON:VLX)‘s stock had its “buy” rating reiterated by equities research analysts at Jefferies Financial Group in a report released on Monday, October 19th, Marketbeat reports. They currently have a GBX 750 price objective on the stock. Jefferies Financial Group‘s target price indicates a potential upside of 38.38% from the company’s previous close.

A number of other equities analysts also recently issued reports on VLX. Canaccord Genuity Group raised shares of Volex to a “buy” rating and increased their price target for the stock from GBX 590 to GBX 600 in a research note on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft upped their target price on shares of Volex from GBX 500 to GBX 590 and gave the stock a “hold” rating in a report on Friday, June 26th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 700 price objective on shares of Volex in a report 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. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 700.

Volex Stock Performance

Shares of Volex stock traded up GBX 3 on Monday, reaching GBX 542. 19,348,711 shares of the company traded hands, compared to its average volume of 2,346,650. The firm has a market capitalization of £991.98 million, a PE ratio of 15.53 and a beta of 1.21. The company has a debt-to-equity ratio of 46.75, a current ratio of 1.74 and a quick ratio of 1.04. The company has a 50 day moving average of GBX 615.79 and a 200 day moving average of GBX 592.83. Volex has a 52 week low of GBX 362.41 and a 52 week high of GBX 710.

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.