Deutsche Bank Aktiengesellschaft Issues Positive Forecast for Volex (LON:VLX) Stock Price

Volex (LON:VLX) had its target price raised by analysts at Deutsche Bank Aktiengesellschaft from GBX 500 to GBX 590 in a research note issued on Friday,Digital Look reports. The firm currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective points to a potential upside of 9.67% from the stock’s current price.

A number of other research firms have also weighed in on VLX. Canaccord Genuity Group upped their target price on shares of Volex from GBX 445 to GBX 500 and gave the stock a “hold” rating in a research note on Thursday, March 26th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 700 price objective on shares of Volex in a report on Thursday. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 528.

Volex Trading Down 2.7%

LON VLX traded down GBX 15 during trading hours on Friday, reaching GBX 538. The company had a trading volume of 2,387,137 shares, compared to its average volume of 2,056,916. The stock has a 50-day moving average of GBX 621.37 and a 200 day moving average of GBX 509.38. The company has a current ratio of 1.66, a quick ratio of 1.04 and a debt-to-equity ratio of 51.32. Volex has a 1-year low of GBX 309.03 and a 1-year high of GBX 710. The stock has a market capitalization of £988.07 million, a P/E ratio of 17.70 and a beta of 1.18.

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

Volex Company Profile

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.