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Volex plc ( (GB:VLX) ) has issued an update.
Volex plc has disclosed that NR Holdings Ltd received 95,000 ordinary shares via a scrip dividend at a reference price of 399.0 pence per share, resulting in an increased shareholding for Chief Executive Officer Nathaniel (Lord) Rothschild, who is a beneficiary of NR Holdings. Following this transaction, Lord Rothschild’s total interest in Volex stands at 47,349,061 ordinary shares, representing 25.58% of the company’s issued share capital, reinforcing his significant strategic and governance influence over the business and underscoring a continued alignment of management interests with shareholders.
The most recent analyst rating on (GB:VLX) stock is a Buy with a £451.00 price target. To see the full list of analyst forecasts on Volex plc stock, see the GB:VLX Stock Forecast page.
Spark’s Take on GB:VLX Stock
According to Spark, TipRanks’ AI Analyst, GB:VLX is a Outperform.
Volex plc’s strong financial performance and positive earnings call sentiment are the primary drivers of its overall score. The company’s strategic focus on growth sectors like electric vehicles and data centers, along with stable financials, positions it well for future success. Technical analysis and valuation are neutral, indicating a balanced risk-reward profile.
To see Spark’s full report on GB:VLX stock, click here.
More about Volex plc
Volex plc is a UK-listed company on AIM that manufactures and supplies power cords, cable assemblies and related connectivity solutions for a range of industrial and consumer applications worldwide, serving OEMs and other customers across multiple end markets.
Average Trading Volume: 465,035
Technical Sentiment Signal: Buy
Current Market Cap: £782.1M
For an in-depth examination of VLX stock, go to TipRanks’ Overview page.