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An announcement from Volex plc ( (GB:VLX) ) is now available.
Volex plc announced that Dave Webster, the Non-Executive Chair, has purchased 39,321 ordinary shares of the company at an average price of 407.16 pence per share. This transaction increases his total holding to 152,417 shares, representing approximately 0.08% of the company’s issued share capital, potentially signaling confidence in the company’s future performance.
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 operates in the electrical and electronic manufacturing industry, specializing in the production of power cords, cable assemblies, and harnesses. The company focuses on providing solutions for diverse markets, including data centers, telecommunications, and industrial applications.
Average Trading Volume: 498,406
Technical Sentiment Signal: Buy
Current Market Cap: £743.4M
For an in-depth examination of VLX stock, go to TipRanks’ Overview page.