Volex’s (LON:VLX) “Buy” Rating Reiterated at Liberum Capital

Volex (LON:VLX)‘s stock had its “buy” rating restated by Liberum Capital in a research note issued on Friday, January 12th. They presently have a GBX 95 ($1.33) target price on the stock. Liberum Capital’s price target would suggest a potential upside of 38.28% from the stock’s current price.

Volex (LON:VLX) opened at GBX 68.70 ($0.96) on Friday. The stock has a market capitalization of $63.93 and a P/E ratio of 3,435.00. Volex has a 52 week low of GBX 37.01 ($0.52) and a 52 week high of GBX 86 ($1.21).

In related news, insider Adrian Chamberlain purchased 24,986 shares of the firm’s stock in a transaction that occurred on Wednesday, January 24th. The shares were bought at an average price of GBX 80 ($1.12) per share, for a total transaction of £19,988.80 ($28,070.21).

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Volex Company Profile

Volex plc is a supplier of power cords and cable assembly solutions servicing a range of markets, including consumer electronics, telecommunications, data centers, medical equipment and the automotive industry. The Company’s segments include Power Cords, Cable Assemblies and Central. The Power Cords segment is engaged in the sale and manufacture of electrical power products to manufacturers of electrical/electronic devices and appliances.

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