Volution Group (LON:FAN) Share Price Crosses Below 200-Day Moving Average – Here’s Why

Volution Group plc (LON:FAN)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 641.08 and traded as low as GBX 633. Volution Group shares last traded at GBX 659, with a volume of 252,152 shares changing hands.

Analysts Set New Price Targets

A number of analysts have weighed in on FAN shares. Peel Hunt reaffirmed a “buy” rating and set a GBX 625 target price on shares of Volution Group in a research note on Friday, October 10th. Jefferies Financial Group raised their price objective on Volution Group from GBX 780 to GBX 820 and gave the company a “buy” rating in a report on Friday, October 10th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Volution Group from GBX 600 to GBX 680 and gave the stock a “hold” rating in a report on Tuesday, October 14th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Volution Group presently has an average rating of “Moderate Buy” and a consensus target price of GBX 719.

Volution Group Price Performance

The stock has a market cap of £1.34 billion, a P/E ratio of 32.66 and a beta of 1.36. The business has a 50-day simple moving average of GBX 640.21 and a 200 day simple moving average of GBX 641.08. The company has a current ratio of 1.28, a quick ratio of 0.98 and a debt-to-equity ratio of 34.97.

Insider Activity at Volution Group

In other news, insider Celia Baxter acquired 3,719 shares of the firm’s stock in a transaction dated Tuesday, November 11th. The stock was bought at an average cost of GBX 628 per share, for a total transaction of £23,355.32. Corporate insiders own 1.16% of the company’s stock.

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.