Volution Group (LON:FAN) Sets New 52-Week High - Still a Buy?

Key Points

• Volution Group plc reached a new 52-week high, trading at GBX 678 ($9.05), with a total volume of 43,943 shares on the recent trading day.
• Analysts have upgraded their price targets, with Royal Bank Of Canada raising its target from GBX 700 ($9.35) to GBX 740 ($9.88) and maintaining an "outperform" rating.
• The company, which manufactures ventilation products for residential and commercial use, has a market capitalization of £1.34 billion and a PE ratio of 31.16.

Shares of Volution Group plc (LON:FAN - Get Free Report) hit a new 52-week high on Wednesday . The stock traded as high as GBX 678 ($9.00) and last traded at GBX 678 ($9.00), with a volume of 43943 shares trading hands. The stock had previously closed at GBX 665 ($8.83).

Wall Street Analysts Forecast Growth

Several research firms recently commented on FAN. Royal Bank Of Canada raised their target price on Volution Group from GBX 700 ($9.29) to GBX 740 ($9.82) and gave the stock an "outperform" rating in a research note on Thursday, July 24th. Berenberg Bank restated a "buy" rating and issued a GBX 700 ($9.29) target price on shares of Volution Group in a report on Thursday, July 24th.

Volution Group Trading Down 2.4%

The company has a market cap of £1.29 billion, a PE ratio of 30.11 and a beta of 1.36. 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 firm has a fifty day moving average of GBX 615.23 and a two-hundred day moving average of GBX 567.58.

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.