Volex (LON:VLX) Hits New 12-Month High – Still a Buy?

Volex plc (LON:VLX) reached a new 52-week high during trading on Monday . The stock traded as high as GBX 439.50 and last traded at GBX 435.60, with a volume of 44414 shares. The stock had previously closed at GBX 434.50.

Analysts Set New Price Targets

VLX has been the topic of a number of research analyst reports. Jefferies Financial Group increased their price target on Volex from GBX 430 to GBX 470 and gave the stock a “buy” rating in a report on Thursday, November 13th. Berenberg Bank increased their target price on shares of Volex from GBX 430 to GBX 470 and gave the stock a “buy” rating in a research note on Tuesday, November 18th. Finally, Peel Hunt restated a “buy” rating and issued 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, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 415.

Volex Trading Up 0.6%

The business has a fifty day moving average of GBX 405.06 and a 200-day moving average of GBX 376.67. 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 company has a market capitalization of £801.95 million, a P/E ratio of 14.38 and a beta of 1.03.

Insider Buying and Selling at Volex

In other Volex news, insider Nathaniel Rothschild acquired 95,000 shares of Volex stock in a transaction dated Thursday, January 8th. The stock was purchased at an average cost of GBX 399 per share, for a total transaction of £379,050. Company 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. Headquartered in the UK, we orchestrate operations across 27 advanced manufacturing facilities, uniting 13,000 dynamic individuals from 25 different nations.