Volex plc (LON:VLX – Get 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
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
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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