Volex (LON:VLX) Receives “Buy” Rating from Jefferies Financial Group

Jefferies Financial Group reiterated their buy rating on shares of Volex (LON:VLX) in a research note issued to investors on Wednesday,Digital Look reports. The firm currently has a GBX 540 price target on the stock.

Separately, Canaccord Genuity Group upped their price objective on shares of Volex from GBX 445 to GBX 500 and gave the company a “hold” rating in a report on Thursday, March 26th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 472.50.

Volex Stock Down 0.3%

Shares of VLX opened at GBX 576.99 on Wednesday. Volex has a 52-week low of GBX 231 and a 52-week high of GBX 594.76. 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 stock has a fifty day simple moving average of GBX 480.80 and a two-hundred day simple moving average of GBX 433.04. The company has a market capitalization of £1.06 billion, a PE ratio of 18.98 and a beta of 1.02.

Insider Buying and Selling

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