Volution Group (LON:FAN) Shares Pass Above 50-Day Moving Average – What’s Next?

Volution Group plc (LON:FAN)’s share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 641.71 and traded as high as GBX 665. Volution Group shares last traded at GBX 634, with a volume of 253,789 shares trading hands.

Wall Street Analysts Forecast Growth

FAN has been the subject of a number of recent analyst reports. Peel Hunt restated a “buy” rating and issued a GBX 625 price objective on shares of Volution Group in a research report on Friday, October 10th. Royal Bank Of Canada lifted their price target on shares of Volution Group from GBX 700 to GBX 740 and gave the company an “outperform” rating in a research note on Thursday, July 24th. Jefferies Financial Group upped their price objective on shares of Volution Group from GBX 780 to GBX 820 and gave the stock a “buy” rating in a research report on Friday, October 10th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Volution Group from GBX 600 to GBX 680 and gave the company a “hold” rating in a report on Tuesday, October 14th. Finally, Berenberg Bank boosted their target price on shares of Volution Group from GBX 720 to GBX 730 and gave the stock a “buy” rating in a research note on Thursday, October 9th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 719.

Volution Group Trading Down 1.3%

The company has a 50 day moving average of GBX 641.56 and a 200 day moving average of GBX 625.87. The company has a debt-to-equity ratio of 34.97, a quick ratio of 0.98 and a current ratio of 1.28. The stock has a market capitalization of £1.24 billion, a price-to-earnings ratio of 30.24 and a beta of 1.36.

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

Insider Buying and Selling

In other Volution Group news, insider Andy O’Brien sold 93,607 shares of the business’s stock in a transaction that occurred on Thursday, October 16th. The stock was 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 firm’s stock in a transaction on Tuesday, October 14th. The stock was sold at an average price of GBX 656, for a total value of £271,872.64. In the last ninety days, insiders sold 164,052 shares of company stock valued at $106,962,863. 1.10% of the stock is currently owned by 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.