Jefferies Financial Group Reiterates Buy Rating for Volex (LON:VLX)

Volex (LON:VLX)‘s stock had its “buy” rating reaffirmed by Jefferies Financial Group in a report issued on Wednesday,Digital Look reports. They currently have a GBX 540 price target on the stock. Jefferies Financial Group’s price objective would suggest a potential downside of 6.74% from the stock’s previous close.

Separately, Canaccord Genuity Group increased their price target on shares of Volex from GBX 445 to GBX 500 and gave the stock a “hold” rating in a research report on Thursday, March 26th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 472.50.

Volex Stock Performance

Volex stock traded up GBX 1 during midday trading on Wednesday, reaching GBX 579. 1,025,560 shares of the company traded hands, compared to its average volume of 1,396,758. The company has a debt-to-equity ratio of 51.32, a current ratio of 1.66 and a quick ratio of 1.04. Volex has a 12 month low of GBX 228.50 and a 12 month high of GBX 594.76. The firm has a market capitalization of £1.06 billion, a price-to-earnings ratio of 19.05 and a beta of 1.02. The business has a 50 day moving average of GBX 478.67 and a two-hundred day moving average of GBX 432.01.

Insider Buying and Selling

In other Volex news, insider Nathaniel Rothschild purchased 5,000 shares of Volex stock in a transaction dated Thursday, March 19th. The stock was acquired at an average price of GBX 430 per share, for a total transaction of £21,500. 35.06% of the stock is owned by 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. Headquartered in the UK, we orchestrate operations across 27 advanced manufacturing facilities, uniting 13,000 dynamic individuals from 25 different nations.