Jefferies Financial Group Issues Positive Forecast for Volex (LON:VLX) Stock Price

Volex (LON:VLX) had its price target increased by Jefferies Financial Group from GBX 470 to GBX 500 in a research note issued to investors on Thursday, Marketbeat Ratings reports. They currently have a buy rating on the stock.

VLX has been the subject of a number of other research reports. Berenberg Bank increased their price objective on shares of Volex from GBX 430 to GBX 470 and gave the company a “buy” rating in a report on Tuesday, November 18th. Peel Hunt restated a “buy” rating and issued a GBX 380 price target on shares of Volex in a research report on Thursday, October 16th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of GBX 422.50.

Volex Price Performance

Shares of LON VLX opened at GBX 465.47 on Thursday. The firm has a 50-day simple moving average of GBX 414.64 and a 200-day simple moving average of GBX 380.34. The company has a quick ratio of 1.04, a current ratio of 1.53 and a debt-to-equity ratio of 64.83. The stock has a market capitalization of £854.19 million, a price-to-earnings ratio of 15.31 and a beta of 1.03. Volex has a 52 week low of GBX 190 and a 52 week high of GBX 477.50.

Insider Buying and Selling at Volex

In other news, insider Nathaniel Rothschild purchased 95,000 shares of the business’s stock in a transaction dated Thursday, January 8th. The stock was acquired at an average price of GBX 399 per share, for a total transaction of £379,050. 34.98% 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.