Vanquis Banking Group (LON:VANQ) Stock Price Target Lowered at Berenberg Bank

Key Points

• Berenberg Bank cut Vanquis Banking Group’s price target from GBX 145 to GBX 80, while maintaining a “buy” rating. The revised target implies 62.58% potential upside from the current price.
• Vanquis shares opened at GBX 49.21, down 32.4%, with a market capitalization of approximately £123.18 million. The stock is near its 12-month low of GBX 48.10, compared with a high of GBX 132.
• The company reported quarterly EPS of GBX 1.80, while analysts expect full-year EPS of GBX 4.16. Insider Ian McLaughlin recently sold 289,094 shares for approximately £222,602; insiders own 3.69% of the company.

Vanquis Banking Group (LON:VANQ - Get Free Report) had its price target dropped by analysts at Berenberg Bank from GBX 145 to GBX 80 in a report issued on Thursday, Digital Look reports. The brokerage presently has a "buy" rating on the stock. Berenberg Bank's target price would suggest a potential upside of 62.58% from the stock's current price.

Vanquis Banking Group Trading Down 32.4%

Vanquis Banking Group stock opened at GBX 49.21 on Thursday. The company has a market capitalization of £123.18 million, a PE ratio of 18.23 and a beta of 1.17. The stock has a 50-day moving average price of GBX 74.25 and a two-hundred day moving average price of GBX 102.45. Vanquis Banking Group has a 12 month low of GBX 48.10 and a 12 month high of GBX 132.

Vanquis Banking Group (LON:VANQ - Get Free Report) last issued its quarterly earnings results 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%. As a group, analysts predict that Vanquis Banking Group will post 4.16 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Ian McLaughlin sold 289,094 shares of the company's stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of GBX 77, for a total value of £222,602.38. Insiders have acquired a total of 597 shares of company stock worth $45,037 in the last 90 days. Corporate insiders own 3.69% of the company's stock.

About Vanquis Banking Group

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/

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