Volex’s (VLX) Buy Rating Reiterated at Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Volex (LON:VLX) in a report published on Thursday,Digital Look reports. They currently have a GBX 750 price objective on the stock.

Several other brokerages have also weighed in on VLX. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 750 price objective on shares of Volex in a research report on Monday, October 19th. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 710 target price on shares of Volex in a research report on Monday, October 19th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 700.

Volex Trading Down 0.8%

Shares of LON VLX opened at GBX 523 on Thursday. The stock has a market cap of £949.69 million, a price-to-earnings ratio of 14.99 and a beta of 1.19. The business has a 50 day simple moving average of GBX 605.56 and a 200 day simple moving average of GBX 557.55. Volex has a 52 week low of GBX 386 and a 52 week high of GBX 710. The company has a debt-to-equity ratio of 54.69, a quick ratio of 1.04 and a current ratio of 1.57.

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.