Volution Group (LON:FAN) had its price objective lowered by Liberum Capital from GBX 240 ($3.14) to GBX 226 ($2.95) in a report published on Friday morning. The brokerage currently has a buy rating on the stock.
Other analysts have also issued reports about the stock. Numis Securities upgraded shares of Volution Group to an add rating and set a GBX 216 ($2.82) target price on the stock in a research note on Monday, October 15th. Canaccord Genuity reiterated a buy rating and issued a GBX 230 ($3.01) price target on shares of Volution Group in a research note on Friday, July 6th. Berenberg Bank dropped their price target on shares of Volution Group from GBX 250 ($3.27) to GBX 240 ($3.14) and set a buy rating on the stock in a research note on Friday, August 10th. Finally, Peel Hunt reiterated a hold rating on shares of Volution Group in a research note on Tuesday, July 17th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of GBX 225.40 ($2.95).
Shares of FAN traded down GBX 3 ($0.04) during mid-day trading on Friday, hitting GBX 166.50 ($2.18). 23,251 shares of the company’s stock were exchanged, compared to its average volume of 161,373. Volution Group has a fifty-two week low of GBX 172 ($2.25) and a fifty-two week high of GBX 224 ($2.93).
The business also recently declared a dividend, which will be paid on Tuesday, December 18th. Shareholders of record on Thursday, November 22nd will be paid a GBX 2.98 ($0.04) dividend. This is a positive change from Volution Group’s previous dividend of $1.46. This represents a yield of 1.61%. The ex-dividend date of this dividend is Thursday, November 22nd.
In related news, insider Ronnie George purchased 10,000 shares of the company’s stock in a transaction on Thursday, October 11th. The shares were bought at an average cost of GBX 170 ($2.22) per share, for a total transaction of £17,000 ($22,213.51).
Volution Group Company Profile
Volution Group plc, together with its subsidiaries, manufactures and supplies ventilation products to residential and commercial construction markets in the United Kingdom and internationally. The company operates through two segments, Ventilation Group and OEM (Torin-Sifan). The company's products include unitary extractor fans for use in bathrooms and kitchens; MVHR and MEV systems; rigid, semi-rigid, and flexible ducting products and accessories; mechanical heat recovery units; air handling units and fan coils; commercial ventilation products; underfloor heating, heated towel rails, radiators, and storage and panel heaters; wall, box, and tower fans, as well as portable air conditioners; hand dryers and insect killers; and sensors, controllers, and ducting products.
See Also: How is inflation measured?
Receive News & Ratings for Volution Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Volution Group and related companies with MarketBeat.com's FREE daily email newsletter.