Berenberg Bank Reiterates Buy Rating for Volex (LON:VLX)

Berenberg Bank reaffirmed their buy rating on shares of Volex (LON:VLX) in a research note issued to investors on Friday, Marketbeat.com reports. Berenberg Bank currently has a GBX 400 ($4.94) price objective on the stock.

Volex Trading Up 2.9 %

VLX stock opened at GBX 318 ($3.93) on Friday. The business has a fifty day moving average price of GBX 288.39 and a 200 day moving average price of GBX 298.93. The stock has a market capitalization of £577.55 million, a price-to-earnings ratio of 1,987.50 and a beta of 0.99. Volex has a fifty-two week low of GBX 232 ($2.87) and a fifty-two week high of GBX 340 ($4.20). The company has a debt-to-equity ratio of 70.82, a current ratio of 1.46 and a quick ratio of 1.04.

Insiders Place Their Bets

In other Volex news, insider Jon Boaden sold 20,171 shares of Volex stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of GBX 293 ($3.62), for a total transaction of £59,101.03 ($73,000.28). Corporate insiders own 33.98% of the company’s stock.

Volex Company Profile

Volex plc manufactures and supplies power products and cable assemblies in North America, Europe, and Asia. It provides integrated manufacturing services, such as PCB assembly, box build, and complex cable assemblies; electric vehicle charging solutions; cable harness and power products; copper interconnect cable and data transfer cable; and data center power cables and power cords.