Volex (LON:VLX) Price Target Cut to GBX 440 by Canaccord Genuity Group Analysts

Volex (LON:VLX – Get Note) had its price target reduced by Canaccord Genuity Group from GBX 510 ($6.64) to GBX 440 ($5.72) in a research note released Thursday morning, Marketbeat Ratings reports. Canaccord Genuity Group currently has a buy rating on the stock.

Shares of VLX opened at 294.50 GBX ($3.83) on Thursday. The stock has a 50-day simple moving average of 266.47 GBX and a 200-day simple moving average of 329.03 GBX. The company has a debt ratio of 31.46, a quick ratio of 0.95 and a current ratio of 1.56. The stock has a market capitalization of £467.43 million and a PE ratio of 15.45. Volex has a 1-year minimum of 222.20 GBX ($2.89) and a 1-year maximum of 494.70 GBX ($6.44).

In other Volex news, insider Jon Boaden bought 1,788 shares of the company in a trade dated Tuesday, February 15. The shares were acquired at an average price of 279 GBX ($3.63) per share, with a total value of £4,988.52 ($6,490.40).

Volex Company Profile (Get a rating)

Volex plc manufactures and supplies electrical products and cable assemblies in North America, Europe and Asia. The company designs, manufactures and sells power cords, duck heads and related products to manufacturers of a range of electrical and electronic devices and appliances for use in laptops, PCs, tablets, printers, televisions, game consoles, power tools, kitchen appliances. , and electric and autonomous vehicles.

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