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

Key Points

• Volution Group plc's shares reached a new 52-week high after Jefferies Financial Group increased their price target from GBX 720 to GBX 780, maintaining a buy rating on the stock.
• The company has a market capitalization of £1.34 billion, with a P/E ratio of 31.16 and a beta of 1.36, indicating its stability in the market.
• Volution Group manufactures ventilation products for residential and commercial buildings, including extractor fans and ventilation systems, primarily in the UK, Europe, and Australasia.

Volution Group plc (LON:FAN - Get Free Report) shares reached a new 52-week high during trading on Tuesday after Jefferies Financial Group raised their price target on the stock from GBX 720 to GBX 780. Jefferies Financial Group currently has a buy rating on the stock. Volution Group traded as high as GBX 698 ($9.39) and last traded at GBX 673.05 ($9.05), with a volume of 10634 shares trading hands. The stock had previously closed at GBX 668 ($8.98).

FAN has been the subject of a number of other research reports. Berenberg Bank reiterated a "buy" rating and issued a GBX 700 ($9.41) target price on shares of Volution Group in a research note on Thursday, July 24th. Royal Bank Of Canada upped their target price on shares of Volution Group from GBX 700 ($9.41) to GBX 740 ($9.95) and gave the company an "outperform" rating in a research note on Thursday, July 24th.

Volution Group Trading Up 0.8%

The company has a current ratio of 1.28, a quick ratio of 0.98 and a debt-to-equity ratio of 34.97. The business has a 50 day simple moving average of GBX 620.01 and a two-hundred day simple moving average of GBX 572.11. The stock has a market cap of £1.32 billion, a price-to-earnings ratio of 30.75 and a beta of 1.36.

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.