Berenberg Bank restated their buy rating on shares of Volution Group (LON:FAN - Free Report) in a report released on Wednesday morning, Marketbeat Ratings reports. The brokerage currently has a GBX 700 ($8.93) price objective on the stock.
Volution Group Price Performance
Shares of FAN stock traded up GBX 18 ($0.23) during midday trading on Wednesday, reaching GBX 569 ($7.26). 548,581 shares of the company were exchanged, compared to its average volume of 493,928. The company's 50 day moving average price is GBX 578.03 and its two-hundred day moving average price is GBX 530.02. The company has a market cap of £1.13 billion, a P/E ratio of 2,709.52 and a beta of 1.36. Volution Group has a 12 month low of GBX 385.20 ($4.91) and a 12 month high of GBX 624 ($7.96). The company has a debt-to-equity ratio of 47.31, a quick ratio of 0.98 and a current ratio of 1.91.
Volution Group Increases Dividend
The company also recently announced a dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Thursday, November 21st will be paid a GBX 6.20 ($0.08) dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a yield of 1.01%. This is an increase from Volution Group's previous dividend of $2.80. Volution Group's payout ratio is 3,809.52%.
Insider Activity at Volution Group
In related news, insider Ronnie George sold 2,300,000 shares of the stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of GBX 560 ($7.14), for a total value of £12,880,000 ($16,430,667.18). Also, insider Andy O'Brien sold 101,261 shares of Volution Group stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of GBX 618 ($7.88), for a total transaction of £625,792.98 ($798,307.16). 5.26% of the stock is owned by company insiders.
About Volution Group
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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.
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