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

Berenberg Bank reiterated their buy rating on shares of Volex (LON:VLX) in a report released on Monday, MarketBeat.com reports. The brokerage currently has a GBX 400 ($5.06) price target on the stock.

Volex Stock Down 0.4 %

VLX opened at GBX 342 ($4.33) on Monday. Volex has a 1-year low of GBX 264.50 ($3.35) and a 1-year high of GBX 365 ($4.62). 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 capitalization of £621.14 million, a price-to-earnings ratio of 2,137.50 and a beta of 0.96. The business has a 50 day moving average of GBX 341.35 and a 200-day moving average of GBX 315.02.

Volex Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, August 30th. Investors of record on Thursday, July 25th will be given a GBX 2.80 ($0.04) dividend. This is a boost from Volex’s previous dividend of $1.40. This represents a yield of 0.79%. The ex-dividend date is Thursday, July 25th. Volex’s dividend payout ratio (DPR) is 2,500.00%.

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.