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

Volex (LON:VLX)‘s stock had its “buy” rating restated by equities researchers at Berenberg Bank in a report released on Monday, Digital Look reports. They presently have a GBX 400 ($5.06) price target on the stock. Berenberg Bank’s price target would suggest a potential upside of 18.52% from the company’s previous close.

Volex Stock Performance

VLX opened at GBX 337.50 ($4.27) on Monday. The stock’s 50 day simple moving average is GBX 339.81 and its 200-day simple moving average is GBX 314.52. The company has a current ratio of 1.46, a quick ratio of 1.04 and a debt-to-equity ratio of 70.82. The stock has a market cap of £612.97 million, a PE ratio of 2,109.38 and a beta of 0.96. Volex has a 1 year low of GBX 264.50 ($3.35) and a 1 year 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.