Volution Group (LON:FAN) Share Price Passes Above 50-Day Moving Average – Here’s What Happened

Volution Group plc (LON:FAN) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 633.79 and traded as high as GBX 685. Volution Group shares last traded at GBX 676.19, with a volume of 209,687 shares trading hands.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on FAN. Berenberg Bank raised their price target on Volution Group from GBX 870 to GBX 880 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 850 price target on shares of Volution Group in a research note on Tuesday, August 4th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Volution Group currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 758.75.

Volution Group Stock Up 0.4%

The company has a quick ratio of 0.98, a current ratio of 2.74 and a debt-to-equity ratio of 100.88. The business has a 50-day simple moving average of GBX 635.04 and a 200-day simple moving average of GBX 627.46. The stock has a market cap of £1.34 billion, a P/E ratio of 26.45 and a beta of 1.15.

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.