Jefferies Financial Group Increases Volex (LON:VLX) Price Target to GBX 470

Volex (LON:VLX) had its price objective hoisted by equities researchers at Jefferies Financial Group from GBX 430 to GBX 470 in a note issued to investors on Thursday, Marketbeat reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s price objective would suggest a potential upside of 9.81% from the stock’s current price.

Separately, Peel Hunt reiterated a “buy” rating and set a GBX 380 price target on shares of Volex in a report on Thursday, October 16th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 405.

Volex Price Performance

VLX traded up GBX 6 during midday trading on Thursday, hitting GBX 428. The company had a trading volume of 1,154,534 shares, compared to its average volume of 591,221. Volex has a twelve month low of GBX 190 and a twelve month high of GBX 434.50. The company has a debt-to-equity ratio of 64.83, a quick ratio of 1.04 and a current ratio of 1.53. The firm’s 50-day simple moving average is GBX 361.56 and its 200-day simple moving average is GBX 338.03. The company has a market capitalization of £784.94 million, a PE ratio of 16.72 and a beta of 1.03.

Insiders Place Their Bets

In related news, insider John Wilson bought 89 shares of Volex stock in a transaction dated Friday, September 12th. The stock was purchased at an average cost of GBX 335 per share, with a total value of £298.15. Corporate insiders own 34.98% of the company’s stock.

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.