Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for Volex (LON:VLX) Stock

Volex (LON:VLX) had its target price upped by Deutsche Bank Aktiengesellschaft from GBX 500 to GBX 590 in a note issued to investors on Friday,Digital Look reports. The firm presently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential upside of 9.67% from the stock’s current price.

Other analysts have also issued research reports about the company. Canaccord Genuity Group increased their price objective on Volex from GBX 445 to GBX 500 and gave the company a “hold” rating in a report on Thursday, March 26th. Jefferies Financial Group restated a “buy” rating and issued a GBX 700 price objective on shares of Volex in a research note on Thursday. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Volex has an average rating of “Moderate Buy” and an average price target of GBX 528.

Volex Trading Down 2.7%

Shares of LON:VLX traded down GBX 15 during trading on Friday, reaching GBX 538. 2,387,137 shares of the company were exchanged, compared to its average volume of 2,056,916. Volex has a 12-month low of GBX 309.03 and a 12-month high of GBX 710. The firm has a market capitalization of £988.07 million, a PE ratio of 17.70 and a beta of 1.18. The business’s fifty day simple moving average is GBX 621.37 and its 200-day simple moving average is GBX 509.38. The company has a debt-to-equity ratio of 51.32, a current ratio of 1.66 and a quick ratio of 1.04.

Volex (LON:VLX) last posted its quarterly earnings results on Friday, June 26th. The company reported GBX 35.20 EPS for the quarter. The business had revenue of GBX 124.26 billion during the quarter. Volex had a net margin of 4.96% and a return on equity of 14.90%. On average, research analysts anticipate that Volex will post 30.9454191 EPS for the current year.

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.