Volex (LON:VLX) Price Target Raised to GBX 430 at Berenberg Bank

Volex (LON:VLX) had its price target increased by Berenberg Bank from GBX 415 ($5.60) to GBX 430 ($5.80) in a research report report published on Friday morning,Digital Look reports. Berenberg Bank currently has a buy rating on the stock.

Separately, Canaccord Genuity Group reduced their price target on shares of Volex from GBX 430 ($5.80) to GBX 340 ($4.59) and set a “buy” rating on the stock in a research report on Tuesday, April 8th.

Volex Stock Up 0.7%

Shares of Volex stock opened at GBX 370.25 ($4.99) on Friday. The business has a 50-day moving average of GBX 306.39 and a 200-day moving average of GBX 279.55. The company has a debt-to-equity ratio of 64.83, a current ratio of 1.53 and a quick ratio of 1.04. The company has a market capitalization of £858.74 million, a PE ratio of 19.93 and a beta of 1.03. Volex has a 1-year low of GBX 190 ($2.56) and a 1-year high of GBX 394 ($5.31).

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 sectors: Electric Vehicles, Consumer Electricals, Medical, Complex Industrial Technology and Off-Highway.