Vanquis Banking Group (LON:VANQ) Stock Gets Price Target Reduction from Berenberg Bank

Vanquis Banking Group (LON:VANQ) had its price target trimmed by Berenberg Bank from GBX 145 to GBX 80 in a report published on Thursday morning,Digital Look reports. The firm currently has a buy rating on the stock.

Vanquis Banking Group Stock Up 0.5%

Shares of VANQ stock opened at GBX 43.55 on Thursday. The company has a market capitalization of £109.02 million, a price-to-earnings ratio of 16.13 and a beta of 1.17. The firm has a fifty day moving average of GBX 72.91 and a 200-day moving average of GBX 101.73. Vanquis Banking Group has a 12-month low of GBX 41.30 and a 12-month high of GBX 132.

Vanquis Banking Group (LON:VANQ) last posted 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 analysts expect that Vanquis Banking Group will post 4.16 EPS for the current year.

Insider Buying and Selling

In other Vanquis Banking Group news, 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. Insiders have acquired a total of 597 shares of company stock worth $45,037 over the last quarter. Corporate 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/