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Volex plc ( (GB:VLX) ) has shared an update.
Volex plc announced that John Wilson, a Non-Executive Director, acquired 89 ordinary shares of the company by reinvesting his dividend proceeds. This transaction, conducted on the London Stock Exchange, reflects a minor increase in Wilson’s stake in the company, now holding 10,089 shares, representing 0.01% of the company’s ordinary issued share capital.
The most recent analyst rating on (GB:VLX) stock is a Buy with a £377.00 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 are the primary drivers of its stock score. The company’s strategic growth in high-value markets and robust financial health outweigh the current bearish technical indicators. Valuation metrics also support a favorable outlook, making it a solid investment option despite some market challenges.
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, focusing on producing power cords, cable assemblies, and harnesses for various markets including medical, data center, and consumer electronics.
Average Trading Volume: 493,301
Technical Sentiment Signal: Buy
Current Market Cap: £614.4M
For an in-depth examination of VLX stock, go to TipRanks’ Overview page.