Volex (LON:VLX) Earns Buy Rating from Berenberg Bank

Volex (LON:VLX)‘s stock had its “buy” rating reiterated by equities research analysts at Berenberg Bank in a research report issued to clients and investors on Monday, Digital Look reports. They currently have a GBX 400 ($5.06) target price on the stock. Berenberg Bank’s price target would indicate a potential upside of 18.52% from the company’s current price.

Volex Stock Performance

Shares of VLX stock opened at GBX 337.50 ($4.27) on Monday. The company has a debt-to-equity ratio of 70.82, a current ratio of 1.46 and a quick ratio of 1.04. The company’s fifty day moving average price is GBX 339.81 and its two-hundred day moving average price is GBX 314.52. The firm has a market capitalization of £612.97 million, a P/E ratio of 2,109.38 and a beta of 0.96. Volex has a 12 month low of GBX 264.50 ($3.35) and a 12 month high of GBX 365 ($4.62).

Volex Company Profile

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.