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

Volution Group plc (LON:FAN)’s stock price passed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of GBX 651.30 and traded as high as GBX 659. Volution Group shares last traded at GBX 655, with a volume of 298,002 shares.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on FAN shares. Berenberg Bank increased their target price on Volution Group from GBX 870 to GBX 880 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 850 price target on shares of Volution Group in a report on Tuesday, August 4th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Volution Group currently has a consensus rating of “Moderate Buy” and an average target price of GBX 758.75.

Volution Group Stock Down 1.5%

The company has a current ratio of 2.74, a quick ratio of 0.98 and a debt-to-equity ratio of 100.88. The stock’s 50-day simple moving average is GBX 652.50 and its 200-day simple moving average is GBX 622.61. The firm has a market capitalization of £1.26 billion, a P/E ratio of 24.92 and a beta of 1.16.

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.