Vanquis Banking Group (LON:VANQ) Stock: Insider Dave Watts Buys 215 Shares

Key Points

• Insider buying: Dave Watts purchased 215 Vanquis Banking Group shares at GBX 70 each, worth £150.50. He has also made several recent purchases, including 45,000 shares bought for £38,250 in July.
• Stock performance: Vanquis shares fell 2.2% to GBX 67.50, near their one-year low of GBX 67, with trading volume significantly above average. The company’s market capitalization is approximately £168.97 million.
• Analyst outlook: Berenberg lowered its price target from GBX 165 to GBX 145 but maintained a “buy” rating. The stock has a consensus “Buy” rating and a GBX 145 target price.

Vanquis Banking Group plc (LON:VANQ - Get Free Report) insider Dave Watts acquired 215 shares of the company's stock in a transaction dated Wednesday, October 14th. The stock was purchased at an average cost of GBX 70 per share, for a total transaction of £150.50.

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

• On Monday, September 14th, Dave Watts acquired 191 shares of Vanquis Banking Group stock. The stock was purchased at an average price of GBX 78 per share, with a total value of £148.98.
• On Friday, August 14th, Dave Watts acquired 191 shares of Vanquis Banking Group stock. The stock was purchased at an average price of GBX 79 per share, with a total value of £150.89.
• On Thursday, July 30th, Dave Watts bought 45,000 shares of Vanquis Banking Group stock. The shares were purchased at an average cost of GBX 85 per share, with a total value of £38,250.

Vanquis Banking Group Trading Down 2.2%

LON:VANQ traded down GBX 1.50 during mid-day trading on Thursday, reaching GBX 67.50. 3,671,073 shares of the stock were exchanged, compared to its average volume of 1,046,680. The business has a fifty day moving average price of GBX 76.32 and a 200 day moving average price of GBX 99.50. The firm has a market capitalization of £168.97 million, a PE ratio of 25.00 and a beta of 1.17. Vanquis Banking Group plc has a 1-year low of GBX 67 and a 1-year 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 EPS for the quarter. Vanquis Banking Group had a net margin of 1.71% and a return on equity of 2.20%. On average, sell-side analysts forecast that Vanquis Banking Group plc will post 4.16 earnings per share for the current year.

Analysts Set New Price Targets

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

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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