Vanquis Banking Group (LON:VANQ) Trading Down 1.9% – Here’s What Happened

Vanquis Banking Group plc (LON:VANQ) was down 1.9% on Tuesday . The company traded as low as GBX 76 and last traded at GBX 77.10. 2,987,176 shares were traded during mid-day trading, an increase of 195% from the average daily volume of 1,011,268 shares. The stock had previously closed at GBX 78.60.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank dropped their target price on Vanquis Banking Group from GBX 165 to GBX 145 and set a “buy” rating for the company in a report on Thursday, July 30th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of GBX 142.50.

Vanquis Banking Group Stock Performance

The firm has a market cap of £193.76 million, a PE ratio of 28.67 and a beta of 1.17. The company’s 50-day simple moving average is GBX 94.64 and its two-hundred day simple moving average is GBX 106.74.

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

Insider Transactions at Vanquis Banking Group

In other Vanquis Banking Group news, insider Dave Watts acquired 45,000 shares of the business’s stock in a transaction dated Thursday, July 30th. The shares were purchased at an average cost of GBX 85 per share, for a total transaction of £38,250. Also, insider Ian McLaughlin sold 289,094 shares of the stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of GBX 77, for a total transaction of £222,602.38. In the last 90 days, insiders have purchased 45,456 shares of company stock worth $3,870,166. 3.69% of the stock is owned by company insiders.

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/