Vanquis Banking Group plc (LON:VANQ – Get Free Report)’s stock price traded down 24.1% on Thursday after Berenberg Bank lowered their price target on the stock from GBX 165 to GBX 145. Berenberg Bank currently has a buy rating on the stock. Vanquis Banking Group traded as low as GBX 82 and last traded at GBX 87.40. Approximately 12,719,925 shares traded hands during trading, an increase of 1,283% from the average session volume of 919,853 shares. The stock had previously closed at GBX 115.20.
Separately, Shore Capital Group reiterated a “buy” rating on shares of Vanquis Banking Group in a research note on Wednesday, May 6th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 142.50.
Read Our Latest Stock Analysis on VANQ
Insider Activity
Vanquis Banking Group Price Performance
The firm has a market cap of £218.79 million, a P/E ratio of 28.19 and a beta of 1.23. The company’s 50-day simple moving average is GBX 113.80 and its 200 day simple moving average is GBX 115.13.
Vanquis Banking Group (LON:VANQ – Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported GBX 1.80 earnings per share for the quarter. Vanquis Banking Group had a net margin of 1.87% and a return on equity of 1.89%. Analysts anticipate that Vanquis Banking Group plc will post 4.1557331 EPS for the current fiscal year.
About Vanquis Banking Group
We’re Vanquis Banking Group plc, an FTSE All Share company and a leading specialist bank, established in 1880. We lend responsibly, providing tailored products and services to 1.75 million UK customers through Vanquis, Moneybarn, and Snoop.
https://www.vanquisbankinggroup.com/shareholder-hub/investment-case/
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