Volex (LON:VLX) Sets New 1-Year High – Still a Buy?

Volex plc (LON:VLX) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 504 and last traded at GBX 483, with a volume of 305251 shares changing hands. The stock had previously closed at GBX 479.

Analyst Ratings Changes

A number of brokerages recently issued reports on VLX. Canaccord Genuity Group upped their price objective on shares of Volex from GBX 445 to GBX 500 and gave the company a “hold” rating in a report on Thursday, March 26th. Jefferies Financial Group upped their target price on shares of Volex from GBX 470 to GBX 500 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 462.50.

Volex Price Performance

The stock’s 50-day simple moving average is GBX 460.76 and its 200 day simple moving average is GBX 419.76. 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 company has a market cap of £935.86 million, a price-to-earnings ratio of 16.76 and a beta of 1.02.

Insider Buying and Selling

In related news, insider Nathaniel Rothschild bought 5,000 shares of the firm’s stock in a transaction on Thursday, March 19th. The shares were bought at an average price of GBX 430 per share, with a total value of £21,500. 35.06% of the stock is owned by insiders.

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.