Volex plc, the Industrials sector company, was revisited by a Wall Street analyst today. Analyst Vanessa Jeffriess from Jefferies reiterated a Buy rating on the stock and has a p430.00 price target.
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Vanessa Jeffriess’s rating is based on Volex plc’s performance exceeding expectations in its FY25 results, which has positively impacted its share price. Despite facing challenges in some of its end markets, the company has shown a strong start to the penultimate year of its five-year plan. This positive momentum is expected to continue, driven by new program developments. Additionally, the price target has been adjusted from 350p to 430p, reflecting the company’s promising outlook. The stock continues to trade at a significant discount compared to its peers in the UK Electricals sector, making it an attractive investment opportunity.
Based on the recent corporate insider activity of 7 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of VLX in relation to earlier this year.