Volex (LON:VLX) Insider Nathaniel Rothschild Acquires 7,500 Shares of Stock

Volex plc (LON:VLX) insider Nathaniel Rothschild acquired 7,500 shares of the stock in a transaction on Thursday, July 9th. The shares were purchased at an average price of GBX 510 per share, for a total transaction of £38,250.

Volex Stock Up 0.4%

Shares of VLX traded up GBX 2 during mid-day trading on Friday, reaching GBX 507. The company’s stock had a trading volume of 527,909 shares, compared to its average volume of 1,988,980. The business has a fifty day moving average of GBX 614.34 and a 200 day moving average of GBX 518.55. The company has a market cap of £934.26 million, a price-to-earnings ratio of 14.53 and a beta of 1.21. Volex plc has a 1 year low of GBX 325 and a 1 year high of GBX 710. The company has a quick ratio of 1.04, a current ratio of 1.74 and a debt-to-equity ratio of 46.75.

Volex (LON:VLX) last issued its quarterly earnings results 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 for the quarter. Volex had a return on equity of 15.29% and a net margin of 5.29%. As a group, analysts forecast that Volex plc will post 30.9454191 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on VLX shares. Deutsche Bank Aktiengesellschaft upped their target price on Volex from GBX 500 to GBX 590 and gave the company a “hold” rating in a report on Friday, June 26th. Canaccord Genuity Group boosted their price objective on shares of Volex from GBX 445 to GBX 500 and gave the company a “hold” rating in a research report on Thursday, March 26th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 700 price objective on shares of Volex in a research note on Thursday, June 25th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Volex presently has an average rating of “Moderate Buy” and a consensus price target of GBX 528.

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.