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An update from Volex plc ( (GB:VLX) ) is now available.
Volex plc has announced the issuance of 423,012 new ordinary shares as part of its scrip dividend alternative for the final dividend of 3.0 pence per share for the year ending 30 March 2025. These shares will be admitted to AIM on the London Stock Exchange, increasing the total voting rights to 184,952,950. This move is expected to enhance shareholder value and provide flexibility in dividend payments, potentially strengthening Volex’s market position.
The most recent analyst rating on (GB:VLX) stock is a Buy with a £404.00 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, highlighted by consistent revenue growth and profitability, is the primary driver of its stock score. The positive sentiment from the earnings call, with significant milestones achieved and strategic positioning in high-growth markets, further supports the score. While the technical analysis suggests mixed signals, the overall outlook remains positive. The valuation is fair, with a modest dividend yield providing some investor income.
To see Spark’s full report on GB:VLX stock, click here.
More about Volex plc
Volex plc operates in the manufacturing industry, specializing in the production of integrated manufacturing services and power products. The company is focused on providing solutions for complex cable assemblies and harnesses, serving a diverse range of markets including telecommunications, data centers, and industrial applications.
Average Trading Volume: 510,389
Technical Sentiment Signal: Buy
Current Market Cap: £638.8M
For detailed information about VLX stock, go to TipRanks’ Stock Analysis page.