Volex (LON:VLX) Sets New 52-Week High – Still a Buy?

Volex plc (LON:VLX) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 435 and last traded at GBX 431.50, with a volume of 223926 shares trading hands. The stock had previously closed at GBX 425.

Wall Street Analyst Weigh In

Several research firms have weighed in on VLX. Peel Hunt restated a “buy” rating and set a GBX 380 price objective on shares of Volex in a report on Thursday, October 16th. Jefferies Financial Group lifted their target price on Volex from GBX 430 to GBX 470 and gave the company a “buy” rating in a research report on Thursday, November 13th. Finally, Berenberg Bank increased their price target on Volex from GBX 430 to GBX 470 and gave the company a “buy” rating in a research report on Tuesday, November 18th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of GBX 415.

Volex Stock Up 0.4%

The stock has a 50-day moving average of GBX 401.33 and a 200 day moving average of GBX 373.39. The company has a market capitalization of £783.43 million, a PE ratio of 14.04 and a beta of 1.03. The company has a quick ratio of 1.04, a current ratio of 1.53 and a debt-to-equity ratio of 64.83.

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.