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Volex plc Issues Shares to NR Holdings, Boosting Lord Rothschild’s Stake

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Volex plc Issues Shares to NR Holdings, Boosting Lord Rothschild’s Stake

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Volex plc ( (GB:VLX) ) has shared an announcement.

Volex plc has announced a transaction involving the issuance of 342,539 ordinary shares to NR Holdings Ltd as part of a scrip dividend. This transaction increases Lord Rothschild’s interest in the company to 25.55% of the ordinary issued share capital, potentially strengthening his influence within the company.

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 electrical and electronic manufacturing industry, focusing on the production of power cords, cable assemblies, and harnesses. The company serves a variety of sectors including consumer electronics, telecommunications, data centers, and healthcare, providing essential components for power and data transmission.

Average Trading Volume: 508,144

Technical Sentiment Signal: Strong Buy

Current Market Cap: £612.1M

For an in-depth examination of VLX stock, go to TipRanks’ Overview page.

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