Volex plc (LON:VLX – Get Free Report)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 353.71 and traded as high as GBX 408.50. Volex shares last traded at GBX 405.50, with a volume of 207,692 shares trading hands.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on the stock. Peel Hunt restated a “buy” rating and issued a GBX 380 target price on shares of Volex in a report on Thursday, October 16th. Berenberg Bank boosted their price target on shares of Volex from GBX 430 to GBX 470 and gave the company a “buy” rating in a research report on Tuesday, November 18th. Finally, Jefferies Financial Group lifted their price target on Volex from GBX 430 to GBX 470 and gave the company a “buy” rating in a research report on Thursday, November 13th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Volex currently has an average rating of “Buy” and an average target price of GBX 415.
Get Our Latest Research Report on Volex
Volex Trading Up 1.4%
Insider Buying and Selling at Volex
In related news, insider John Wilson acquired 89 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The stock was purchased at an average cost of GBX 335 per share, for a total transaction of £298.15. 34.98% of the stock is owned by company insiders.
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.
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