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Prices & Quotes - UK Markets - Volution Group (FAN)

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Share Price:
Up 560.00p
Change Today:
3.00p
Market Cap:
1,108.31m
Sector:
Construction & Materials

Liberum raises target price on Volution

By Iain Gilbert

Date: Thursday 22 Jul 2021

LONDON (ShareCast) - (Sharecast News) - Analysts at Liberum raised their target price on ventilation products supplier Volution from 377.0p to 520.0p on Thursday, citing ongoing momentum.
Liberum stated Volution had reported "strong trading" through the second half of the year, with revenue for the full year now projected to exceed 270.0m - around 7% better than it had expected.

The bank also said that Volution had kept its margins at around 21% in the second half, which it thinks shows that the group had passed on cost pressures, such as rising input costs and higher inbound freight charges, and had also managed the challenge of materials availability.

"Volution has guided that it expects revenue to exceed 270m for the year to July 2021 and to record EPS of 20.5p. We have upgraded our 2021 estimates accordingly, by 8% at the EPS level. We have carried this upgrade into 2022 and beyond as the base is stronger," said Liberum.

Liberum added that Volution, a corporate client of the bank, expects to close the 2021 financial year with a leverage of 1.0x, which gives it the capacity to continue to pursue acquisitions.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Volution Group Market Data

Currency UK Pounds
Price 560.00p
Change Today 3.00p
52 Week High 565.00p
52 Week Low 153.00p
Volume 564,385
Shares Issued 197.91m
Market Cap 1,108.31m

Performance Indicators

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What The Brokers Say

Strong Buy 4
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 5
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Volution Group Dividends

  Latest Previous
  Interim Final
Ex-Div 25-Mar-21 21-Nov-19
Paid 04-May-21 18-Dec-19
Amount 1.90p 3.30p

Trades for 17-Sep-2021

Time Volume / Share Price
16:40 2,968 @ 560.00p
16:39 34,758 @ 560.00p
16:35 256,865 @ 560.00p
16:29 16 @ 546.00p
16:29 32 @ 548.00p

Volution Group Key Personnel

CEO Ronnie George
CFO Andy O'Brien