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

Jefferies Financial Group restated their buy rating on shares of Volex (LON:VLX) in a report published on Monday, MarketBeat reports. The brokerage currently has a GBX 750 price objective on the stock.

Other analysts have also issued reports about the company. Deutsche Bank Aktiengesellschaft increased their target price on Volex from GBX 500 to GBX 590 and gave the stock a “hold” rating in a report on Friday, June 26th. Canaccord Genuity Group upgraded Volex to a “buy” rating and raised their price target for the stock from GBX 590 to GBX 600 in a research report on Tuesday, July 21st. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 700 price target on shares of Volex in a research note on Tuesday, July 14th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 700.

Volex Price Performance

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

About Volex

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.