Volution Group (LON:FAN) Earns Buy Rating from Berenberg Bank

Volution Group (LON:FAN)‘s stock had its “buy” rating reissued by investment analysts at Berenberg Bank in a research note issued to investors on Wednesday, Marketbeat Ratings reports. They presently have a GBX 700 ($8.87) price objective on the stock. Berenberg Bank’s price target would suggest a potential upside of 24.56% from the company’s previous close.

Volution Group Price Performance

Volution Group stock opened at GBX 562 ($7.12) on Wednesday. The company has a quick ratio of 0.98, a current ratio of 1.91 and a debt-to-equity ratio of 47.31. Volution Group has a 12-month low of GBX 398.20 ($5.05) and a 12-month high of GBX 624 ($7.91). The stock has a market cap of £1.11 billion, a price-to-earnings ratio of 2,676.19 and a beta of 1.36. The business’s 50-day simple moving average is GBX 577.35 and its 200 day simple moving average is GBX 530.76.

Insider Transactions at Volution Group

In other news, insider Ronnie George sold 2,300,000 shares of the company’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of GBX 560 ($7.10), for a total transaction of £12,880,000 ($16,326,530.61). Also, insider Andy O’Brien sold 101,261 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of GBX 618 ($7.83), for a total value of £625,792.98 ($793,247.53). 5.26% of the stock is currently owned by insiders.

About Volution Group

Volution Group plc, together with its subsidiaries, manufactures and supplies ventilation products to residential and commercial constructions in the United Kingdom, Continental Europe, and Australasia. The company offers unitary extractor fans for use in bathrooms and kitchens; mechanical and decentralized mechanical ventilation with heat recovery; centralized mechanical extract ventilation; positive input ventilation; single room and incline fans; passive ventilation; thermal destratification; and ducting.