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

Volution Group (LON:FAN)‘s stock had its “buy” rating restated by equities research analysts at Berenberg Bank in a report released on Wednesday, MarketBeat Ratings reports. They currently have a GBX 700 ($8.87) price target on the stock. Berenberg Bank’s target price indicates a potential upside of 24.56% from the company’s previous close.

Volution Group Price Performance

Shares of FAN opened at GBX 562 ($7.12) on Wednesday. Volution Group has a 1 year low of GBX 398.20 ($5.05) and a 1 year high of GBX 624 ($7.91). The company has a debt-to-equity ratio of 47.31, a current ratio of 1.91 and a quick ratio of 0.98. The company has a market capitalization of £1.11 billion, a price-to-earnings ratio of 2,676.19 and a beta of 1.36. The business has a 50-day moving average of GBX 577.35 and a 200-day moving average of GBX 530.76.

Insider Buying and Selling at Volution Group

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

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.