Jefferies Financial Group Reaffirms Buy Rating for Volex (LON:VLX)

Volex (LON:VLX)‘s stock had its “buy” rating reissued by analysts at Jefferies Financial Group in a note issued to investors on Monday, Marketbeat Ratings reports. They presently have a GBX 750 price target on the stock. Jefferies Financial Group’s target price suggests a potential upside of 32.74% from the stock’s current price.

VLX has been the subject of several other reports. Berenberg Bank reiterated a “buy” rating and issued a GBX 700 price target on shares of Volex in a research note on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Volex from GBX 500 to GBX 590 and gave the stock a “hold” rating in a research note on Friday, June 26th. Finally, Canaccord Genuity Group raised shares of Volex to a “buy” rating and boosted their price objective for the stock from GBX 590 to GBX 600 in a research note on Tuesday, July 21st. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of GBX 700.

Volex Stock Performance

Shares of VLX stock opened at GBX 565 on Monday. Volex has a 12 month low of GBX 362.41 and a 12 month high of GBX 710. The stock has a market cap of £1.03 billion, a PE ratio of 16.19 and a beta of 1.21. The company has a current ratio of 1.74, a quick ratio of 1.04 and a debt-to-equity ratio of 46.75. The company’s fifty day moving average price is GBX 616.68 and its 200-day moving average price is GBX 591.96.

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.