Berenberg Bank Reaffirms Buy Rating for Volex (LON:VLX)

Volex (LON:VLX)‘s stock had its “buy” rating restated by analysts at Berenberg Bank in a report issued on Monday, MarketBeat Ratings reports. They presently have a GBX 400 ($5.06) price objective on the stock. Berenberg Bank’s target price points to a potential upside of 15.94% from the company’s previous close.

Volex Stock Performance

Shares of VLX opened at GBX 345 ($4.36) on Monday. The business’s 50 day moving average is GBX 340.28 and its two-hundred day moving average is GBX 314.63. Volex has a 52-week low of GBX 264.50 ($3.35) and a 52-week high of GBX 365 ($4.62). The firm has a market cap of £626.59 million, a price-to-earnings ratio of 2,156.25 and a beta of 0.96. The company has a quick ratio of 1.04, a current ratio of 1.46 and a debt-to-equity ratio of 70.82.

About Volex

Volex plc manufactures and supplies power products and cable assemblies in North America, Europe, and Asia. It provides integrated manufacturing services, such as PCB assembly, box build, and complex cable assemblies; electric vehicle charging solutions; cable harness and power products; copper interconnect cable and data transfer cable; and data center power cables and power cords.