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

Berenberg Bank restated their buy rating on shares of Volex (LON:VLX) in a research note issued to investors on Wednesday, Marketbeat.com reports. Berenberg Bank currently has a GBX 400 ($5.09) price target on the stock.

Volex Trading Down 1.0 %

Shares of LON VLX opened at GBX 338.50 ($4.31) on Wednesday. The company has a market cap of £614.78 million, a price-to-earnings ratio of 2,115.63 and a beta of 0.96. Volex has a 12-month low of GBX 264.50 ($3.37) and a 12-month high of GBX 365 ($4.65). 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’s 50 day simple moving average is GBX 327.25 and its 200 day simple moving average is GBX 311.69.

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.