Volution Group (LON:FAN) Shares Pass Above Fifty Day Moving Average – Here’s Why

Volution Group plc (LON:FAN)’s share price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 638.08 and traded as high as GBX 641. Volution Group shares last traded at GBX 637, with a volume of 335,912 shares.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Jefferies Financial Group raised their target price on shares of Volution Group from GBX 780 to GBX 820 and gave the company a “buy” rating in a report on Friday, October 10th. Berenberg Bank raised their target price on Volution Group from GBX 720 to GBX 730 and gave the company a “buy” rating in a report on Thursday, October 9th. Deutsche Bank Aktiengesellschaft upped their price objective on Volution Group from GBX 600 to GBX 680 and gave the stock a “hold” rating in a research report on Tuesday, October 14th. Finally, Peel Hunt reissued a “buy” rating and set a GBX 625 target price on shares of Volution Group in a research note on Friday, October 10th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Volution Group has a consensus rating of “Moderate Buy” and an average target price of GBX 719.

Volution Group Stock Performance

The company has a quick ratio of 0.98, a current ratio of 1.28 and a debt-to-equity ratio of 34.97. The stock has a 50 day moving average of GBX 638.08 and a 200 day moving average of GBX 631.07. The company has a market capitalization of £1.26 billion, a price-to-earnings ratio of 30.77 and a beta of 1.36.

Volution Group (LON:FAN) last posted its quarterly earnings data on Thursday, October 9th. The company reported GBX 33.10 EPS for the quarter. Volution Group had a net margin of 12.31% and a return on equity of 17.78%. As a group, analysts predict that Volution Group plc will post 30.0441826 EPS for the current year.

Insiders Place Their Bets

In related news, insider Ronnie George sold 41,444 shares of the firm’s stock in a transaction that occurred on Tuesday, October 14th. The stock was sold at an average price of GBX 656, for a total transaction of £271,872.64. Also, insider Nigel Lingwood purchased 6,545 shares of the company’s stock in a transaction on Thursday, October 23rd. The stock was acquired at an average cost of GBX 664 per share, for a total transaction of £43,458.80. Over the last 90 days, insiders purchased 13,934 shares of company stock valued at $9,118,292 and sold 164,052 shares valued at $106,962,863. 1.11% of the stock is owned by company 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.