Volex (LON:VLX) Stock Price Expected to Rise, Berenberg Bank Analyst Says

Volex (LON:VLX) had its price objective hoisted by investment analysts at Berenberg Bank from GBX 430 to GBX 470 in a report issued on Tuesday,Digital Look reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price objective would indicate a potential upside of 14.50% from the stock’s previous close.

Several other research analysts also recently weighed in on VLX. Peel Hunt reissued a “buy” rating and issued a GBX 380 target price on shares of Volex in a research note on Thursday, October 16th. Jefferies Financial Group lifted their price target on shares of Volex from GBX 430 to GBX 470 and gave the stock a “buy” rating in a report on Thursday, November 13th. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, Volex presently has a consensus rating of “Buy” and an average target price of GBX 415.

Volex Stock Performance

Shares of VLX stock traded up GBX 2.99 during trading hours on Tuesday, reaching GBX 410.49. 710,612 shares of the company’s stock were exchanged, compared to its average volume of 622,621. The company has a debt-to-equity ratio of 64.83, a current ratio of 1.53 and a quick ratio of 1.04. The company’s 50 day moving average is GBX 368 and its two-hundred day moving average is GBX 343.30. The company has a market cap of £752.83 million, a P/E ratio of 16.03 and a beta of 1.03. Volex has a 1 year low of GBX 190 and a 1 year high of GBX 434.50.

Insider Buying and Selling at Volex

In other news, insider John Wilson purchased 89 shares of Volex stock in a transaction dated Friday, September 12th. The stock was acquired at an average cost of GBX 335 per share, for a total transaction of £298.15. 34.98% of the stock is owned by company insiders.

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.