Volution Group (LON:FAN) Share Price Breaks Above Fifty Day Moving Average - Here's What Happened

Key Points

• Volution Group shares broke above their 50-day moving average, reaching GBX 656 and closing at GBX 655, compared with a 50-day average of GBX 648.41.
• All three covering analysts maintained Buy ratings, with price targets of GBX 735–900 and a consensus target of GBX 838.33.
• The company reported quarterly EPS of GBX 38.20, a 12.89% net margin and 20.92% return on equity; insiders have sold 265,547 shares worth approximately £176.7 million over the past 90 days.

Volution Group plc (LON:FAN - Get Free Report)'s share price crossed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of GBX 648.41 and traded as high as GBX 656. Volution Group shares last traded at GBX 655, with a volume of 236,471 shares changing hands.

Analysts Set New Price Targets

FAN has been the subject of a number of research analyst reports. Peel Hunt reaffirmed a "buy" rating and set a GBX 735 price objective on shares of Volution Group in a research report on Thursday, October 8th. Jefferies Financial Group reiterated a "buy" rating and issued a GBX 900 price objective on shares of Volution Group in a report on Wednesday, October 28th. Finally, Berenberg Bank restated a "buy" rating and set a GBX 880 price objective on shares of Volution Group in a research report on Thursday, October 8th. Three equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, Volution Group has a consensus rating of "Buy" and an average target price of GBX 838.33.

Volution Group Price Performance

The company has a current ratio of 1.65, a quick ratio of 0.98 and a debt-to-equity ratio of 82.80. The business has a 50-day moving average of GBX 648.41 and a 200 day moving average of GBX 633.35. The firm has a market capitalization of £1.29 billion, a PE ratio of 25.51 and a beta of 1.15.

Volution Group (LON:FAN - Get Free Report) last posted its quarterly earnings data on Thursday, October 8th. The company reported GBX 38.20 earnings per share (EPS) for the quarter. Volution Group had a net margin of 12.89% and a return on equity of 20.92%. As a group, research analysts anticipate that Volution Group plc will post 30.04 EPS for the current fiscal year.

Insider Activity at Volution Group

In related news, insider Andy O'Brien sold 180,000 shares of the firm's stock in a transaction dated Friday, October 9th. The shares were sold at an average price of GBX 674, for a total transaction of £1,213,200. Also, insider Ronnie George sold 39,833 shares of the firm's stock in a transaction that occurred on Tuesday, October 13th. The stock was sold at an average price of GBX 650, for a total transaction of £258,914.50. Over the last ninety days, insiders sold 265,547 shares of company stock valued at $176,664,926. 1.16% of the stock is currently owned by corporate insiders.

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.

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