Berenberg Bank Reiterates “Buy” Rating for Volution Group (LON:FAN)

Volution Group (LON:FAN)‘s stock had its “buy” rating reaffirmed by equities researchers at Berenberg Bank in a research report issued on Monday, MarketBeat Ratings reports. They presently have a GBX 700 ($8.87) price target on the stock. Berenberg Bank’s price target would suggest a potential upside of 24.33% from the company’s previous close.

Volution Group Stock Up 1.1 %

Shares of LON FAN opened at GBX 563 ($7.13) on Monday. The company has a current ratio of 1.91, a quick ratio of 0.98 and a debt-to-equity ratio of 47.31. The stock has a market capitalization of £1.11 billion, a PE ratio of 2,680.95 and a beta of 1.36. Volution Group has a 12-month low of GBX 380.60 ($4.82) and a 12-month high of GBX 624 ($7.91). The stock’s fifty day simple moving average is GBX 583.37 and its two-hundred day simple moving average is GBX 526.61.

Insider Activity

In related news, 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 ($792,946.00). Also, insider Ronnie George sold 2,300,000 shares of the 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 ($16,320,324.38). 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.