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 report sent to investors on Wednesday morning, MarketBeat reports. Berenberg Bank currently has a GBX 700 ($8.84) price objective on the stock.

Volution Group Stock Performance

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 has a 1 year low of GBX 398.20 ($5.03) and a 1 year high of GBX 624 ($7.88). The firm’s fifty day moving average price is GBX 577.35 and its 200-day moving average price is GBX 530.76. The firm has a market cap of £1.12 billion, a PE ratio of 2,690.48 and a beta of 1.36.

Volution Group Increases Dividend

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

Insider Activity

In other Volution Group news, insider Ronnie George sold 2,300,000 shares of the company’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of GBX 560 ($7.07), for a total value of £12,880,000 ($16,256,468.51). Also, insider Andy O’Brien sold 101,261 shares of Volution Group stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of GBX 618 ($7.80), for a total transaction of £625,792.98 ($789,843.47). Corporate insiders own 5.26% of the company’s stock.

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.