Volex (LON:VLX) Price Target Raised to GBX 500 at Canaccord Genuity Group

Volex (LON:VLX) had its price target increased by Canaccord Genuity Group from GBX 445 to GBX 500 in a research report report published on Thursday, Marketbeat Ratings reports. Canaccord Genuity Group currently has a hold rating on the stock.

Separately, Jefferies Financial Group boosted their price objective on Volex from GBX 470 to GBX 500 and gave the company a “buy” rating in a report on Thursday, January 22nd. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Volex presently has an average rating of “Moderate Buy” and a consensus price target of GBX 462.50.

Volex Price Performance

VLX stock opened at GBX 469 on Thursday. The stock’s 50 day simple moving average is GBX 456.33 and its 200 day simple moving average is GBX 411.05. Volex has a fifty-two week low of GBX 190 and a fifty-two week high of GBX 500. The company has a debt-to-equity ratio of 51.32, a quick ratio of 1.04 and a current ratio of 1.66. The company has a market cap of £861.35 million, a P/E ratio of 15.43 and a beta of 1.07.

Insider Transactions at Volex

In other news, insider Nathaniel Rothschild acquired 5,000 shares of the firm’s stock in a transaction on Thursday, March 19th. The stock was purchased at an average price of GBX 430 per share, for a total transaction of £21,500. Insiders own 35.06% 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.