Volex (LON:VLX) Insider Purchases £21,500 in Stock

Volex plc (LON:VLX) insider Nathaniel Rothschild acquired 5,000 shares of the business’s stock in a transaction that occurred on Thursday, March 19th. The shares were bought at an average price of GBX 430 per share, with a total value of £21,500.

Nathaniel Rothschild also recently made the following trade(s):

• On Thursday, January 8th, Nathaniel Rothschild bought 95,000 shares of Volex stock. The stock was bought at an average cost of GBX 399 per share, for a total transaction of £379,050.

Volex Price Performance

LON:VLX traded up GBX 2 during trading hours on Friday, reaching GBX 429.50. 289,947 shares of the company traded hands, compared to its average volume of 741,343. The company has a debt-to-equity ratio of 51.32, a current ratio of 1.66 and a quick ratio of 1.04. The firm’s 50-day moving average is GBX 455.10 and its 200-day moving average is GBX 407.28. The stock has a market cap of £788.81 million, a P/E ratio of 14.13 and a beta of 1.07. Volex plc has a 1-year low of GBX 190 and a 1-year high of GBX 500.

Analysts Set New Price Targets

Separately, 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 report on Thursday, January 22nd. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of GBX 422.50.

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.