Insider Buying: Vanquis Banking Group (LON:VANQ) Insider Buys £150.89 in Stock

Key Points

• Insider buying: Dave Watts purchased 191 Vanquis Banking Group shares at GBX 79 each, worth £150.89. He has also bought 45,000 shares for £38,250 and made two smaller purchases since June.
• Stock performance: Vanquis shares fell to GBX 79.10, near their one-year low of GBX 77.10 and below their 50-day and 200-day moving averages. The company has a £198.01 million market capitalization and a P/E ratio of 29.30.
• Analyst outlook: Analysts maintain a consensus “Buy” rating with an average price target of GBX 142.50, despite Berenberg reducing its target from GBX 165 to GBX 145.

Vanquis Banking Group plc (LON:VANQ - Get Free Report) insider Dave Watts bought 191 shares of the business's stock in a transaction that occurred on Friday, August 14th. The shares were bought at an average price of GBX 79 per share, with a total value of £150.89.

Dave Watts also recently made the following trade(s):

• On Thursday, July 30th, Dave Watts purchased 45,000 shares of Vanquis Banking Group stock. The stock was bought at an average cost of GBX 85 per share, with a total value of £38,250.
• On Tuesday, July 14th, Dave Watts purchased 132 shares of Vanquis Banking Group stock. The stock was bought at an average price of GBX 114 per share, for a total transaction of £150.48.
• On Monday, June 15th, Dave Watts acquired 133 shares of Vanquis Banking Group stock. The shares were bought at an average price of GBX 113 per share, for a total transaction of £150.29.

Vanquis Banking Group Stock Performance

Shares of VANQ traded down GBX 0.80 during trading hours on Monday, reaching GBX 79.10. 439,975 shares of the company traded hands, compared to its average volume of 1,001,640. The stock's fifty day moving average is GBX 106.60 and its 200 day moving average is GBX 111.85. The stock has a market cap of £198.01 million, a P/E ratio of 29.30 and a beta of 1.17. Vanquis Banking Group plc has a 1-year low of GBX 77.10 and a 1-year high of GBX 132.

Vanquis Banking Group (LON:VANQ - Get Free Report) last released its earnings results 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%. On average, equities research analysts predict that Vanquis Banking Group plc will post 4.1557331 EPS for the current year.

Analysts Set New Price Targets

VANQ has been the subject of several recent research reports. Berenberg Bank dropped their price target on shares of Vanquis Banking Group from GBX 165 to GBX 145 and set a "buy" rating for the company in a research report on Thursday, July 30th. Shore Capital Group restated a "buy" rating on shares of Vanquis Banking Group in a research note on Wednesday, May 6th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of GBX 142.50.

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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