Berenberg Bank Reaffirms Buy Rating for Volution Group (LON:FAN)

Volution Group (LON:FAN)‘s stock had its “buy” rating reiterated by Berenberg Bank in a research note issued on Thursday, Marketbeat Ratings reports. They currently have a GBX 880 price objective on the stock. Berenberg Bank’s target price suggests a potential upside of 34.56% from the stock’s previous close.

Separately, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 850 target price on shares of Volution Group in a research report on Tuesday, August 4th. Three investment analysts have rated the stock with a Buy rating. According to MarketBeat.com, Volution Group presently has a consensus rating of “Buy” and an average target price of GBX 821.67.

Volution Group Stock Performance

Shares of Volution Group stock opened at GBX 654 on Thursday. The business has a 50-day moving average price of GBX 657.86 and a two-hundred day moving average price of GBX 627.77. Volution Group has a 1-year low of GBX 547 and a 1-year high of GBX 730. The company has a market cap of £1.30 billion, a P/E ratio of 25.55 and a beta of 1.16. The company has a current ratio of 1.65, a quick ratio of 0.98 and a debt-to-equity ratio of 82.80.

Volution Group (LON:FAN) last issued its earnings results on Thursday, October 8th. The company reported GBX 38.20 earnings per share for the quarter. Volution Group had a return on equity of 20.92% and a net margin of 12.89%. As a group, analysts anticipate that Volution Group will post 30.04 EPS for the current year.

Insider Activity

In related news, insider Andy O’Brien sold 180,000 shares of the stock in a transaction that occurred on Friday, October 9th. The stock was sold at an average price of GBX 674, for a total transaction of £1,213,200. 1.16% of the stock is currently owned by corporate insiders.

About Volution Group

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.