Volex (LON:VLX – Get Free Report)‘s stock had its “buy” rating reissued by stock analysts at Berenberg Bank in a report released on Thursday, Digital Look reports. They currently have a GBX 750 price objective on the stock. Berenberg Bank‘s price target would indicate a potential upside of 40.98% from the company’s previous close.
Several other equities research analysts have also commented on the company. Jefferies Financial Group restated a “buy” rating and set a GBX 750 price target on shares of Volex in a research note on Monday, October 19th. Canaccord Genuity Group restated a “buy” rating and issued a GBX 710 price objective on shares of Volex in a report on Monday, October 19th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 700.
Read Our Latest Analysis on Volex
Volex Price Performance
Shares of Volex stock opened at GBX 532 on Thursday. Volex has a twelve month low of GBX 386 and a twelve month high of GBX 710. The stock has a market capitalization of £966.03 million, a P/E ratio of 15.24 and a beta of 1.21. The company has a current ratio of 1.74, a quick ratio of 1.04 and a debt-to-equity ratio of 46.75. The business’s fifty day moving average price is GBX 608.13 and its 200 day moving average price is GBX 556.85.
About Volex
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.
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