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

Volution Group plc (LON:FAN)’s stock price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 645.73 and traded as high as GBX 649. Volution Group shares last traded at GBX 625, with a volume of 606,135 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on FAN shares. Berenberg Bank raised their target price on shares of Volution Group from GBX 870 to GBX 880 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Jefferies Financial Group restated a “buy” rating and issued a GBX 850 price objective on shares of Volution Group in a report on Tuesday, August 4th. Three investment 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 has an average rating of “Moderate Buy” and a consensus price target of GBX 758.75.

Volution Group Trading Up 1.6%

The company has a market capitalization of £1.26 billion, a P/E ratio of 24.84 and a beta of 1.16. The business has a 50 day moving average price of GBX 646.30 and a 200 day moving average price of GBX 624.25. The company has a current ratio of 2.74, a quick ratio of 0.98 and a debt-to-equity ratio of 100.88.

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.