Jefferies analyst Vanessa Jeffriess maintained a Buy rating on Volex plc today and set a price target of p430.00.
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Vanessa Jeffriess’s rating is based on Volex plc’s impressive performance and strategic execution, which stand out in the sector. The company has shown accelerated growth from the first to the second quarter, with the first half of 2026 delivering a strong performance, exceeding 11% growth compared to the previous year. This growth is driven by increased demand in data centers and strong performance in the electric vehicle sector, supported by new projects.
Despite facing challenges such as tougher comparisons in the second half and project delays due to tariff uncertainties, Volex is expected to meet sales expectations. The company’s prudent guidance and strong margin performance suggest potential for earnings upgrades and a positive reaction in share price. These factors contribute to the Buy rating given by Vanessa Jeffriess.