Market's view on Volution Group PLS
Published on April 2024
- A Norwegian fund management group, ODIN, has increased its stake in Volution Group to 4.44% by purchasing additional shares, following positive interim results from the company.
- Volution Group reported impressive interim results with significant growth in sales and profits, particularly noting strong performance in the UK residential market and benefits from tight pricing and operational controls.
- The company has completed three acquisitions within the last year, which contributed positively to its growth and operational margins.
- Volution Group’s shares have been supported by upgrades from analysts at Liberum Capital, who raised their price objective for the shares and expect higher sales and profits in the upcoming year.
- Concerns were raised about the volatility of Volution Group’s share price despite reporting strong results and a healthy forward order book.
- Marlborough manager Richard Hallett increased his stake in Volution Group, citing the company’s growth in market share and sensible acquisitions.
- Analysts from Berenberg and Liberum have expressed positive outlooks on Volution Group, citing strong financial performance, robust trading, sector-leading pricing power, and regulatory tailwinds.
- Jefferies initiated coverage on Volution Group with a ‘Hold’ rating and a target price of 550 pence, highlighting the company’s potential in the market.