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

Jefferies Financial Group reissued their buy rating on shares of Volex (LON:VLX) in a research report sent to investors on Tuesday, MarketBeat Ratings reports. They currently have a GBX 700 price target on the stock.

Several other equities analysts have also recently commented on VLX. Berenberg Bank reissued a “buy” rating and set a GBX 700 target price on shares of Volex in a research report on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft upped their target price on Volex from GBX 500 to GBX 590 and gave the company a “hold” rating in a report on Friday, June 26th. Finally, Canaccord Genuity Group raised Volex to a “buy” rating and increased their price target for the company from GBX 590 to GBX 600 in a research report on Tuesday, July 21st. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 594.

Volex Trading Up 1.0%

Shares of Volex stock opened at GBX 625 on Tuesday. The company has a market capitalization of £1.15 billion, a P/E ratio of 17.91 and a beta of 1.19. The stock has a fifty day simple moving average of GBX 544.88 and a 200 day simple moving average of GBX 545.43. Volex has a 12-month low of GBX 325 and a 12-month high of GBX 710. The company has a current ratio of 1.74, a quick ratio of 1.04 and a debt-to-equity ratio of 46.75.

Volex (LON:VLX) last issued its quarterly earnings data on Friday, June 26th. The company reported GBX 35.20 earnings per share for the quarter. Volex had a return on equity of 15.29% and a net margin of 5.29%.The business had revenue of GBX 124.26 billion for the quarter. On average, sell-side analysts anticipate that Volex will post 30.9454191 earnings per share for the current fiscal year.

Insider Transactions at Volex

In related news, insider Nathaniel Rothschild acquired 7,500 shares of the stock in a transaction on Thursday, July 9th. The shares were acquired at an average price of GBX 510 per share, with a total value of £38,250. Company insiders own 35.11% 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.