Volution Group PLC (FAN) Receives “Hold” Rating from Numis Securities Ltd

Numis Securities Ltd reiterated their hold rating on shares of Volution Group PLC (LON:FAN) in a research note released on Tuesday morning. Numis Securities Ltd currently has a GBX 184 ($2.28) price objective on the stock.

Several other research firms have also recently commented on FAN. Canaccord Genuity reiterated a buy rating and issued a GBX 190 ($2.35) price target on shares of Volution Group PLC in a research note on Friday, August 12th. Liberum Capital cut their price target on Volution Group PLC from GBX 220 ($2.72) to GBX 180 ($2.23) and set a buy rating on the stock in a research note on Tuesday, July 12th.

Shares of Volution Group PLC (LON:FAN) opened at 170.00 on Tuesday. The firm’s market capitalization is GBX 339.55 million. Volution Group PLC has a 12-month low of GBX 133.00 and a 12-month high of GBX 204.00. The stock has a 50 day moving average price of GBX 167.87 and a 200 day moving average price of GBX 162.41.

The company also recently disclosed a dividend, which will be paid on Wednesday, December 14th. Shareholders of record on Thursday, November 17th will be paid a dividend of GBX 2.60 ($0.03) per share. The ex-dividend date is Thursday, November 17th. This represents a yield of 1.51%. This is a boost from Volution Group PLC’s previous dividend of $1.20.

In other news, insider Claire Tiney acquired 2,869 shares of the business’s stock in a transaction on Friday, October 14th. The shares were purchased at an average price of GBX 175 ($2.17) per share, for a total transaction of £5,020.75 ($6,213.80).

About Volution Group PLC

Volution Group plc is a supplier of ventilation products to the residential construction market. The Company operates through two divisions: Ventilation Group and Torin-Sifan. The Ventilation Group supplies ventilation products for residential construction applications in the United Kingdom, Sweden, Norway and Germany and ventilation products for commercial construction applications in the United Kingdom.

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