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

Volution Group plc (LON:FAN) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 632.61 and traded as high as GBX 639. Volution Group shares last traded at GBX 631, with a volume of 6,793,187 shares changing hands.

Analyst Ratings Changes

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

Volution Group Trading Up 1.3%

The stock’s fifty day moving average price is GBX 632.61 and its 200 day moving average price is GBX 639.05. The company has a debt-to-equity ratio of 34.97, a current ratio of 1.28 and a quick ratio of 0.98. The stock has a market capitalization of £1.27 billion, a P/E ratio of 30.82 and a beta of 1.36.

Insider Activity at Volution Group

In related news, insider Celia Baxter bought 3,719 shares of Volution Group stock in a transaction dated Tuesday, November 11th. The shares were acquired at an average cost of GBX 628 per share, with a total value of £23,355.32. Company insiders own 1.11% of the company’s stock.

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.