Vanquis Banking Group (LON:VANQ) Stock Price Down 1.3% – Here’s What Happened

Vanquis Banking Group plc (LON:VANQ) traded down 1.3% during mid-day trading on Tuesday. The stock traded as low as GBX 69.20 and last traded at GBX 69.20. Approximately 316,390 shares traded hands during trading, a decline of 70% from the average daily volume of 1,045,732 shares. The stock had previously closed at GBX 70.10.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reduced their price objective on shares of Vanquis Banking Group from GBX 165 to GBX 145 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 142.50.

Vanquis Banking Group Stock Up 0.4%

The company has a market cap of £171.98 million, a P/E ratio of 25.44 and a beta of 1.17. The stock has a 50 day moving average price of GBX 77.55 and a two-hundred day moving average price of GBX 100.88.

Vanquis Banking Group (LON:VANQ) last posted its quarterly earnings data on Thursday, July 30th. The company reported GBX 1.80 earnings per share for the quarter. Vanquis Banking Group had a net margin of 1.71% and a return on equity of 2.20%. Equities analysts anticipate that Vanquis Banking Group plc will post 4.1557331 EPS for the current year.

Insider Activity

In other Vanquis Banking Group news, insider Ian McLaughlin sold 289,094 shares of the stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of GBX 77, for a total transaction of £222,602.38. Also, insider Dave Watts bought 45,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 30th. The stock was purchased at an average cost of GBX 85 per share, with a total value of £38,250. In the last three months, insiders bought 45,514 shares of company stock valued at $3,870,035. Insiders own 3.69% of the company’s stock.

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/