Volex (LON:VLX) Sets New 1-Year High – Still a Buy?

Shares of Volex plc (LON:VLX) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 674 and last traded at GBX 673, with a volume of 846127 shares trading hands. The stock had previously closed at GBX 654.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on VLX shares. Canaccord Genuity Group boosted 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 set a GBX 540 price target on shares of Volex in a report on Wednesday, April 22nd. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 472.50.

Volex Trading Up 3.5%

The firm has a market cap of £1.24 billion, a PE ratio of 22.27 and a beta of 1.16. The company has a current ratio of 1.66, a quick ratio of 1.04 and a debt-to-equity ratio of 51.32. The business has a fifty day moving average price of GBX 539.20 and a 200 day moving average price of GBX 468.21.

Insider Activity at Volex

In other Volex news, insider Nathaniel Rothschild acquired 5,000 shares of the company’s stock in a transaction dated Thursday, March 19th. The shares were acquired at an average price of GBX 430 per share, for a total transaction of £21,500. Insiders own 35.06% of the company’s stock.

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.