Volex (LON:VLX – Get Free Report) released its earnings results on Friday. The company reported GBX 35.20 earnings per share for the quarter, Digital Look Earnings reports. Volex had a net margin of 4.96% and a return on equity of 14.90%. The business had revenue of GBX 124.26 billion for the quarter.
Volex Stock Performance
Shares of VLX stock opened at GBX 540 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.66 and a debt-to-equity ratio of 51.32. Volex has a 52 week low of GBX 309.03 and a 52 week high of GBX 710. The stock has a market capitalization of £991.75 million, a PE ratio of 17.76 and a beta of 1.18. The firm has a 50 day moving average of GBX 621.37 and a two-hundred day moving average of GBX 509.60.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on the stock. Canaccord Genuity Group upped their price objective on shares of Volex from GBX 445 to GBX 500 and gave the company a “hold” rating in a report on Thursday, March 26th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 700 target price on shares of Volex in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Volex from GBX 500 to GBX 590 and gave the stock a “hold” rating in a report on Friday. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 528.
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.
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