Volex’s (VLX) “Buy” Rating Reiterated at Jefferies Financial Group

Volex (LON:VLX)‘s stock had its “buy” rating restated by equities researchers at Jefferies Financial Group in a research note issued to investors on Thursday,London Stock Exchange reports. They presently have a GBX 700 price objective on the stock. Jefferies Financial Group’s price objective points to a potential upside of 23.66% from the company’s previous close.

Separately, Canaccord Genuity Group lifted their target price on Volex from GBX 445 to GBX 500 and gave the company a “hold” rating in a research note on Thursday, March 26th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Volex has a consensus rating of “Moderate Buy” and a consensus target price of GBX 512.50.

Volex Stock Performance

VLX stock opened at GBX 566.07 on Thursday. The company has a debt-to-equity ratio of 51.32, a current ratio of 1.66 and a quick ratio of 1.04. The company has a 50 day moving average price of GBX 620.80 and a 200 day moving average price of GBX 508.15. Volex has a fifty-two week low of GBX 309.03 and a fifty-two week high of GBX 710. The stock has a market capitalization of £1.04 billion, a PE ratio of 18.62 and a beta of 1.18.

About Volex

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.