Volution Group’s (FAN) “Buy” Rating Reaffirmed at Berenberg Bank

Berenberg Bank restated their buy rating on shares of Volution Group (LON:FAN) in a research note published on Monday morning, MarketBeat.com reports. Berenberg Bank currently has a GBX 700 ($8.86) target price on the stock.

Volution Group Trading Up 0.2 %

LON FAN opened at GBX 557 ($7.05) on Monday. Volution Group has a 12 month low of GBX 380.60 ($4.82) and a 12 month high of GBX 624 ($7.90). The stock has a market capitalization of £1.10 billion, a P/E ratio of 2,652.38 and a beta of 1.36. The firm’s 50-day moving average is GBX 584.23 and its two-hundred day moving average is GBX 525.86. The company has a debt-to-equity ratio of 47.31, a current ratio of 1.91 and a quick ratio of 0.98.

Volution Group Increases Dividend

The business also recently announced a dividend, which will be paid on Tuesday, December 17th. Investors of record on Thursday, November 21st will be issued a GBX 6.20 ($0.08) dividend. This represents a yield of 1.01%. The ex-dividend date is Thursday, November 21st. This is an increase from Volution Group’s previous dividend of $2.80. Volution Group’s dividend payout ratio (DPR) is 3,809.52%.

Insider Buying and Selling at Volution Group

In other Volution Group news, insider Andy O’Brien sold 101,261 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of GBX 618 ($7.82), for a total transaction of £625,792.98 ($792,042.75). Also, insider Ronnie George sold 2,300,000 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of GBX 560 ($7.09), for a total transaction of £12,880,000 ($16,301,733.96). 5.26% of the stock is owned by corporate insiders.

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.