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

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

Volex Stock Performance

VLX opened at GBX 345 ($4.36) on Monday. 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 firm has a market capitalization of £626.59 million, a PE ratio of 2,156.25 and a beta of 0.96. The firm has a 50 day moving average of GBX 340.28 and a two-hundred day moving average of GBX 314.63. Volex has a 12-month low of GBX 264.50 ($3.35) and a 12-month high of GBX 365 ($4.62).

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.