Berenberg Bank Cuts Vanquis Banking Group (LON:VANQ) Price Target to GBX 145

Vanquis Banking Group (LON:VANQ) had its price target lowered by Berenberg Bank from GBX 165 to GBX 145 in a research report sent to investors on Thursday morning,Digital Look reports. The firm currently has a buy rating on the stock.

Separately, Shore Capital Group restated a “buy” rating on shares of Vanquis Banking Group in a research report on Wednesday, May 6th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, Vanquis Banking Group currently has a consensus rating of “Buy” and an average price target of GBX 142.50.

Vanquis Banking Group Stock Performance

LON:VANQ opened at GBX 77.90 on Thursday. The stock has a 50-day simple moving average of GBX 112.75 and a 200 day simple moving average of GBX 114.68. Vanquis Banking Group has a one year low of GBX 77.90 and a one year high of GBX 132. The company has a market capitalization of £195.01 million, a price-to-earnings ratio of 25.13 and a beta of 1.23.

Vanquis Banking Group (LON:VANQ) last issued its earnings results on Thursday, July 30th. The company reported GBX 1.80 EPS for the quarter. Vanquis Banking Group had a return on equity of 2.20% and a net margin of 1.71%. On average, equities research analysts forecast that Vanquis Banking Group will post 4.1557331 EPS for the current fiscal year.

Insider Activity

In other news, insider Dave Watts acquired 45,000 shares of the company’s stock in a transaction dated Thursday, July 30th. The shares were bought at an average price of GBX 85 per share, with a total value of £38,250. In the last 90 days, insiders acquired 45,394 shares of company stock worth $3,870,041. 3.68% of the stock is currently owned by company insiders.

Key Stories Impacting Vanquis Banking Group

Here are the key news stories impacting Vanquis Banking Group this week:

• Positive Sentiment: Insider Dave Watts purchased 45,000 VANQ shares at GBX 85, investing £38,250. The purchase may signal confidence that the recent sell-off has created value, although its size is modest relative to the company. Dave Watts Acquires 45,000 Shares of Vanquis Banking Group Stock
• Positive Sentiment: Vanquis reported higher interim profit, with its transformation program generating cost savings. This provides evidence that efficiency measures are supporting earnings even as customer activity remains subdued. Vanquis Banking Group Reports Higher Interim Profit as Transformation Delivers Savings
• Positive Sentiment: Analysts still broadly rate Vanquis as a “Buy.” Berenberg reduced its target price from GBX 165 to GBX 145 but retained its Buy rating; the analyst consensus target remains GBX 142.50. Berenberg cuts Vanquis price target but retains Buy rating
• Neutral Sentiment: Vanquis reported quarterly EPS of GBX 1.80, while return on equity was 1.89% and net margin was 1.87%. The results show positive earnings but relatively weak profitability, leaving investors focused on the pace of improvement.
• Negative Sentiment: The company pushed back its return-on-tangible-equity targets again. Repeated delays undermine confidence in management’s timetable for reaching its profitability objectives and were the main catalyst for the sell-off. Vanquis Banking pushes back ROTE targets again
• Negative Sentiment: Cautious consumers are cutting back on credit-card spending. Lower borrowing demand could constrain revenue growth, while the broader pressure on household finances raises concerns about credit quality and future impairments. Cautious consumer behaviour affects Vanquis shares

Vanquis Banking Group Company Profile

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/