Volution Group (LON:FAN) Share Price Crosses Above 50 Day Moving Average – What’s Next?

Shares of Volution Group plc (LON:FAN) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 633.82 and traded as high as GBX 647. Volution Group shares last traded at GBX 637, with a volume of 891,295 shares traded.

Analyst Upgrades and Downgrades

FAN has been the topic of a number of research analyst reports. Peel Hunt restated a “buy” rating and issued a GBX 625 target price on shares of Volution Group in a research note on Friday, October 10th. Berenberg Bank boosted their price objective on Volution Group from GBX 720 to GBX 730 and gave the stock a “buy” rating in a research report on Thursday, October 9th. Jefferies Financial Group raised their target price on Volution Group from GBX 780 to GBX 820 and gave the company a “buy” rating in a research report on Friday, October 10th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Volution Group from GBX 600 to GBX 680 and gave the stock a “hold” rating in a report on Tuesday, October 14th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Volution Group currently has a consensus rating of “Moderate Buy” and an average target price of GBX 719.

Volution Group Trading Down 1.2%

The company has a debt-to-equity ratio of 34.97, a current ratio of 1.28 and a quick ratio of 0.98. The firm has a fifty day simple moving average of GBX 633.82 and a two-hundred day simple moving average of GBX 634.42. The firm has a market capitalization of £1.26 billion, a P/E ratio of 30.77 and a beta of 1.36.

Volution Group (LON:FAN) last issued its quarterly earnings results on Thursday, October 9th. The company reported GBX 33.10 EPS for the quarter. Volution Group had a return on equity of 17.78% and a net margin of 12.31%. On average, equities research analysts anticipate that Volution Group plc will post 30.0441826 earnings per share for the current fiscal year.

Insider Buying and Selling at Volution Group

In related news, insider Andy O’Brien sold 93,607 shares of Volution Group stock in a transaction that occurred on Thursday, October 16th. The shares were sold at an average price of GBX 649, for a total value of £607,509.43. Also, insider Ronnie George sold 41,444 shares of the business’s stock in a transaction on Tuesday, October 14th. The shares were sold at an average price of GBX 656, for a total transaction of £271,872.64. Over the last ninety days, insiders have bought 13,934 shares of company stock worth $9,118,292 and have sold 164,052 shares worth $106,962,863. 1.11% of the stock is currently owned by company insiders.

Volution Group Company Profile

Volution Group plc (LSE: FAN) is a leading supplier of ventilation products to the residential and commercial construction markets in the UK, the Nordics, Central Europe and Australasia.