Volution Group (LON:FAN) Hits New 12-Month High on Analyst Upgrade

Key Points

• Volution Group shares reached a new 12-month high after Berenberg Bank upgraded its price target from GBX 720 to GBX 730, maintaining a buy rating.
• Royal Bank of Canada and Jefferies Financial Group also raised their price targets on Volution Group, with average analyst ratings indicating a strong buy recommendation and an average target of GBX 750.
• The company reported a net margin of 12.31% and a return on equity of 17.78% in its latest quarterly earnings report, reflecting solid financial health.

Volution Group plc (LON:FAN - Get Free Report)'s stock price reached a new 52-week high on Thursday after Berenberg Bank raised their price target on the stock from GBX 720 to GBX 730. Berenberg Bank currently has a buy rating on the stock. Volution Group traded as high as GBX 720 ($9.65) and last traded at GBX 701 ($9.40), with a volume of 514353 shares changing hands. The stock had previously closed at GBX 649 ($8.70).

Other analysts also recently issued research reports about the stock. Royal Bank Of Canada raised their price objective on shares of Volution Group from GBX 700 to GBX 740 and gave the stock an "outperform" rating in a research report on Thursday, July 24th. Jefferies Financial Group raised their price objective on shares of Volution Group from GBX 720 to GBX 780 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of GBX 750.

Volution Group Trading Up 5.2%

The company has a debt-to-equity ratio of 34.97, a quick ratio of 0.98 and a current ratio of 1.28. The firm has a 50 day simple moving average of GBX 638.67 and a two-hundred day simple moving average of GBX 603.23. The firm has a market capitalization of £1.35 billion, a P/E ratio of 3,449.49 and a beta of 1.36.

Volution Group (LON:FAN - Get Free Report) last issued its quarterly earnings data on Thursday, October 9th. The company reported GBX 33.10 earnings per share for the quarter. Volution Group had a return on equity of 17.78% and a net margin of 12.31%. Equities research analysts forecast that Volution Group plc will post 30.0441826 earnings per share for the current year.

About Volution Group

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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