Volex (LON:VLX) Sets New 1-Year High – Time to Buy?

Volex plc (LON:VLXGet Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 615 and last traded at GBX 613, with a volume of 1237551 shares traded. The stock had previously closed at GBX 591.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Jefferies Financial Group restated a “buy” rating and issued a GBX 540 price target on shares of Volex in a research report on Wednesday, April 22nd. Canaccord Genuity Group raised their price target on Volex from GBX 445 to GBX 500 and gave the stock a “hold” rating in a research report on Thursday, March 26th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Volex has a consensus rating of “Moderate Buy” and a consensus target price of GBX 472.50.

Check Out Our Latest Stock Report on VLX

Volex Stock Performance

The stock has a market cap of £1.13 billion, a PE ratio of 20.20 and a beta of 1.02. 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 firm has a 50 day moving average price of GBX 492.93 and a 200 day moving average price of GBX 443.06.

Insider Buying and Selling at Volex

In other Volex news, insider Nathaniel Rothschild purchased 5,000 shares of the company’s stock in a transaction dated Thursday, March 19th. The shares were acquired at an average price of GBX 430 per share, for a total transaction of £21,500. Insiders own 35.06% of the company’s stock.

Volex Company Profile

(Get Free Report)

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.

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