Volex (LON:VLX) Sets New 12-Month High – What’s Next?

Shares of Volex plc (LON:VLX) hit a new 52-week high during trading on Monday . The stock traded as high as GBX 540 and last traded at GBX 539, with a volume of 456524 shares traded. The stock had previously closed at GBX 535.

Analysts Set New Price Targets

VLX has been the topic of several research reports. Canaccord Genuity Group lifted their price objective on shares of Volex from GBX 445 to GBX 500 and gave the stock a “hold” rating in a research report on Thursday, March 26th. Jefferies Financial Group boosted their price target on shares of Volex from GBX 470 to GBX 500 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 462.50.

Volex Trading Up 1.7%

The firm’s 50-day moving average price is GBX 464.05 and its 200-day moving average price is GBX 422.61. The company has a quick ratio of 1.04, a current ratio of 1.66 and a debt-to-equity ratio of 51.32. The company has a market cap of £998.78 million, a P/E ratio of 17.89 and a beta of 1.02.

Insider Activity

In other Volex news, insider Nathaniel Rothschild purchased 5,000 shares of the stock in a transaction dated Thursday, March 19th. The shares were bought at an average price of GBX 430 per share, with a total value of £21,500. 35.06% of the stock is currently owned by company insiders.

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.