Vanquis Banking Group (LON:VANQ) Stock Price Down 0.7% – Here’s What Happened

Vanquis Banking Group plc (LON:VANQ) shares fell 0.7% during mid-day trading on Thursday . The stock traded as low as GBX 118.60 and last traded at GBX 118.60. 56,456 shares changed hands during trading, a decline of 94% from the average session volume of 937,257 shares. The stock had previously closed at GBX 119.40.

Analysts Set New Price Targets

VANQ has been the subject of a number of research reports. Shore Capital Group reiterated a “house stock” rating on shares of Vanquis Banking Group in a report on Wednesday, November 5th. Keefe, Bruyette & Woods boosted their price objective on Vanquis Banking Group from GBX 120 to GBX 140 and gave the stock an “outperform” rating in a research report on Friday, October 10th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Vanquis Banking Group currently has an average rating of “Buy” and a consensus target price of GBX 111.50.

Vanquis Banking Group Price Performance

The firm has a market cap of £305.74 million, a P/E ratio of -3.91 and a beta of 1.45. The firm’s 50-day moving average price is GBX 117.07 and its 200 day moving average price is GBX 114.06.

Insider Buying and Selling at Vanquis Banking Group

In related news, insider Oliver Laird sold 13,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of GBX 111, for a total transaction of £14,430. Company insiders own 2.13% 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/