Volution Group’s (FAN) “Buy” Rating Reaffirmed at Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Volution Group (LON:FAN) in a report issued on Monday, Marketbeat Ratings reports. They currently have a GBX 700 ($8.86) target price on the stock.

Volution Group Trading Up 0.2 %

Shares of FAN stock opened at GBX 557 ($7.05) on Monday. Volution Group has a fifty-two week low of GBX 380.60 ($4.82) and a fifty-two week high of GBX 624 ($7.90). The company has a debt-to-equity ratio of 47.31, a quick ratio of 0.98 and a current ratio of 1.91. The stock’s fifty day moving average is GBX 584.23 and its two-hundred day moving average is GBX 525.86. The firm has a market capitalization of £1.10 billion, a P/E ratio of 2,652.38 and a beta of 1.36.

Volution Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, December 17th. Investors of record on Thursday, November 21st will be given a dividend of GBX 6.20 ($0.08) per share. The ex-dividend date of this dividend is Thursday, November 21st. This is a positive change from Volution Group’s previous dividend of $2.80. This represents a yield of 1.01%. Volution Group’s payout ratio is presently 3,809.52%.

Insider Buying and Selling at Volution Group

In related news, insider Andy O’Brien sold 101,261 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of GBX 618 ($7.82), for a total value of £625,792.98 ($792,042.75). Also, insider Ronnie George sold 2,300,000 shares of the firm’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of GBX 560 ($7.09), for a total transaction of £12,880,000 ($16,301,733.96). 5.26% of the stock is owned by insiders.

Volution Group Company Profile

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.