Volex (LON:VLX) Receives Buy Rating from Berenberg Bank

Volex (LON:VLX)‘s stock had its “buy” rating reaffirmed by equities researchers at Berenberg Bank in a report issued on Friday, LSE.Co.UK reports. They presently have a GBX 400 ($4.98) target price on the stock. Berenberg Bank’s target price would suggest a potential upside of 29.55% from the company’s current price.

Volex Stock Down 0.1 %

Shares of LON:VLX traded down GBX 0.24 ($0.00) during trading on Friday, reaching GBX 308.76 ($3.84). 992,622 shares of the stock were exchanged, compared to its average volume of 396,527. The company has a debt-to-equity ratio of 70.82, a current ratio of 1.46 and a quick ratio of 1.04. Volex has a 1-year low of GBX 232 ($2.89) and a 1-year high of GBX 340 ($4.23). The stock has a fifty day moving average of GBX 288.63 and a two-hundred day moving average of GBX 298.90. The firm has a market cap of £560.77 million, a price-to-earnings ratio of 1,929.76 and a beta of 0.99.

Insider Transactions at Volex

In other news, insider Jon Boaden sold 20,171 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of GBX 293 ($3.65), for a total transaction of £59,101.03 ($73,572.80). 33.98% of the stock is owned by insiders.

Volex Company Profile

Volex plc manufactures and supplies power products and cable assemblies in North America, Europe, and Asia. It provides integrated manufacturing services, such as PCB assembly, box build, and complex cable assemblies; electric vehicle charging solutions; cable harness and power products; copper interconnect cable and data transfer cable; and data center power cables and power cords.