Volex PLC 17.6% potential upside indicated by Berenberg Bank

Volex PLC with ticker (LON:VLX) now has a potential upside of 17.6% according to Berenberg Bank.

VLX.L

Berenberg Bank set a target price of 400 GBX for the company, which when compared to the Volex PLC share price of 340 GBX at opening today (21/06/2024) indicates a potential upside of 17.6%. Trading has ranged between 265 (52 week low) and 365 (52 week high) with an average of 277,474 shares exchanging hands daily. The market capitalisation at the time of writing is £645,958,203.

Volex plc is engaged in integrated manufacturing of performance-critical applications and power and data connectivity solutions. The Company’s portfolio of products, capabilities and solutions include power cords, plugs, connectors, receptacles; integrated manufacturing services; electric vehicle charging solutions; consumer cable harnesses and power products; high-speed copper interconnect cable/data transfer cable; and data center power cables/power cords. It manufactures a range of electric vehicle charging components. It manufactures consumer cable harnesses and power products for the global white goods market offering performance through its integrated manufacturing services that cover the entire process. It delivers high-speed data cables, which undergo end-to-end testing to ensure they surpass its customers’ quality and performance requirements. The Company provides services to select power cables with the right plugs and connectors, cordage, materials, and lengths.