Volex (LON:VLX) Stock Rating Reaffirmed as Buy by Canaccord Genuity Group

Volex (LON:VLX)‘s stock had its “buy” rating reaffirmed by equities research analysts at Canaccord Genuity Group in a research report issued on Monday, Digital Look reports. They presently have a GBX 710 target price on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 25.66% from the stock’s previous close.

Several other research analysts also recently issued reports on VLX. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Volex from GBX 500 to GBX 590 and gave the stock a “hold” rating in a research report on Friday, June 26th. Jefferies Financial Group restated 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 target price on shares of Volex in a report on Tuesday, July 14th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 700.

Volex Stock Performance

Shares of Volex stock opened at GBX 565 on Monday. The firm’s fifty day simple moving average is GBX 616.68 and its 200-day simple moving average is GBX 591.96. The stock has a market capitalization of £1.03 billion, a price-to-earnings ratio of 16.19 and a beta of 1.21. Volex has a 12 month low of GBX 362.41 and a 12 month high of GBX 710. The company has a debt-to-equity ratio of 46.75, a current ratio of 1.74 and a quick ratio of 1.04.

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.