In a report released today, Vanessa Jeffriess from Jefferies reiterated a Buy rating on Volex plc, with a price target of p470.00.
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Vanessa Jeffriess’s rating is based on Volex plc’s strong performance and positive outlook. The company has shown impressive growth, particularly in data center sales, which have increased by 80% year-over-year. This growth has exceeded expectations and demonstrates Volex’s ability to maintain strong momentum in the sector.
Furthermore, the strategic investments made by Volex in recent years are yielding positive results, positioning the company well to achieve its future financial objectives. The combination of these factors has led to an upward revision of forecasts and price targets, reinforcing the Buy rating given by Vanessa Jeffriess.
Jeffriess covers the Consumer Cyclical sector, focusing on stocks such as Aumovio SE, AB Dynamics, and Dowlais Group PLC. According to TipRanks, Jeffriess has an average return of 9.2% and a 64.84% success rate on recommended stocks.