Wells Fargo Reiterates Buy Rating on Versigent PLC
Wells Fargo maintains its buy rating on Versigent PLC, setting a price target of $48, a 19.76% upside from the current price.
Key Points
- Wells Fargo reiterated its buy rating on Versigent PLC (VGNT) with a price target of $48 on June 25, 2026.
- Wells Fargo's $48 price target implies 19.76% upside from Versigent PLC's ($VGNT) current $40.08 share price.
- Shares of VGNT traded around $42.99 on Friday, with a market cap of approximately $3 billion and a P/E ratio of 6.32.
- Massachusetts Financial Services Co and others initiated new positions in Versigent, while insiders like CEO Joseph Liotine sold shares recently.
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Wells Fargo has reiterated its buy rating on Versigent PLC (NYSE:VGNT), setting a price target of $48. The update from analyst Colin Langan was made on June 25, 2026. Versigent shares traded near $42.99 on Friday, reflecting the analyst's confidence in the company's prospects.
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Other Institutional Activity in Versigent
Massachusetts Financial Services Co opened a new position in Versigent, acquiring 2,661,893 shares valued at about $86.3 million. Similarly, Amundi initiated a stake with 333,888 shares worth approximately $10.6 million. Thrivent Financial for Lutherans also started a new position, holding 274,235 shares valued at $8.7 million. FIL Ltd and Boston Partners followed suit, with FIL Ltd purchasing 112,382 shares valued at $3.6 million and Boston Partners acquiring 62,714 shares worth about $1.8 million.
Versigent PLC Stock Down 16.9%
Shares of NYSE:VGNT traded near $42.99 on Friday. Versigent PLC boasts a market cap of around $3 billion and a P/E ratio of 6.32. The stock has seen a 52-week range between $26.34 and $50.89. Its 50-day moving average is $41.71, while the 200-day moving average stands at $39.37. Versigent maintains a current ratio of 1.38 and a quick ratio of 0.99, with a debt-to-equity ratio of 1,628.67.
$VGNT price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Versigent PLC reported revenue of approximately $9.01 billion, with a revenue growth of 9.3%. The company achieved an earnings per share (EPS) of $6.69 and a net margin of 5.67%. Investors are looking forward to the next earnings report, though the exact date is not specified.
Insider Buying and Selling at Versigent PLC
On June 21, 2026, Versigent's CEO and Director, Joseph Liotine, sold 21,289 shares at an average price of $45.89. This transaction was not part of a pre-planned 10b5-1 trading plan.
Analysts Set New Price Targets
On June 25, 2026, Wells Fargo maintained its buy rating on Versigent PLC, affirming a price target of $48. Earlier in the month, UBS also maintained a buy rating, setting a higher target of $58. The consensus among analysts is a buy recommendation, with an average target price of $48.11 based on nine analyst opinions.
About Versigent PLC
Versigent PLC is a company based in Schaffhausen, Switzerland, specializing in the design, manufacture, and distribution of electrical architectures for various industries. It offers solutions in signal and data connectivity, power distribution, and electric vehicle charging. Founded in 2026, Versigent operates independently of Aptiv PLC and serves sectors including automotive and energy. The company is led by CEO Joseph T. Liotine and employs around 138,000 people.
Bottom Line
Wells Fargo's reiterated buy rating and $48 price target for Versigent PLC underscore the firm's positive outlook on the company. Investors keep a close eye on such analyst updates to gauge market sentiment. Remember, 13F filings and analyst ratings are backward-looking, reflecting past positions and opinions that may not represent current market conditions.
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