Volution Group (LON:FAN) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Key Points

• Volution Group's price target was raised by the Royal Bank of Canada from GBX 700 to GBX 740, indicating a potential upside of 14.02% from its current price.
• Berenberg Bank also maintained a "buy" rating for Volution Group, setting a price objective of GBX 700.
• The company's stock opened at GBX 649, with a market capitalization of £1.28 billion and a price-to-earnings ratio of 29.88.

Volution Group (LON:FAN - Get Free Report) had its price target upped by equities research analysts at Royal Bank Of Canada from GBX 700 ($9.41) to GBX 740 ($9.94) in a research report issued on Thursday, Marketbeat Ratings reports. The brokerage presently has an "outperform" rating on the stock. Royal Bank Of Canada's price target suggests a potential upside of 12.80% from the company's previous close.

Separately, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 700 ($9.41) price target on shares of Volution Group in a research note on Thursday.

Volution Group Stock Down 0.2%

Volution Group stock traded down GBX 1 ($0.01) during trading hours on Thursday, hitting GBX 656 ($8.82). The company had a trading volume of 385,145 shares, compared to its average volume of 679,203. Volution Group has a fifty-two week low of GBX 451.50 ($6.07) and a fifty-two week high of GBX 666 ($8.95). The company has a debt-to-equity ratio of 34.97, a current ratio of 1.28 and a quick ratio of 0.98. The firm has a market capitalization of £1.29 billion, a P/E ratio of 30.20 and a beta of 1.36. The firm's fifty day moving average is GBX 612.12 and its 200-day moving average is GBX 563.88.

Volution Group Company Profile

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.