Vanquis Banking Group (LON:VANQ) Receives "House Stock" Rating from Shore Capital

Key Points

• Shore Capital has reiterated its "house stock" rating for Vanquis Banking Group in a recent research note to investors.
• Canaccord Genuity Group has raised its target price for Vanquis shares from GBX 66 ($0.88) to GBX 83 ($1.11), with a rating of "speculative buy."
• The current share price of Vanquis Banking Group is GBX 116.76 ($1.56), with a market capitalization of £296.08 million.

Vanquis Banking Group (LON:VANQ - Get Free Report)'s stock had its "house stock" rating reissued by analysts at Shore Capital in a note issued to investors on Thursday, Marketbeat.com reports.

Separately, Canaccord Genuity Group upped their price target on Vanquis Banking Group from GBX 66 ($0.89) to GBX 83 ($1.12) and gave the company a "speculative buy" rating in a research report on Friday, May 2nd.

Vanquis Banking Group Stock Down 3.9%

Shares of Vanquis Banking Group stock traded down GBX 4.60 ($0.06) during mid-day trading on Thursday, reaching GBX 113.80 ($1.53). 1,350,520 shares of the stock traded hands, compared to its average volume of 787,368. The business has a 50-day moving average of GBX 97.85 and a 200 day moving average of GBX 74.45. Vanquis Banking Group has a fifty-two week low of GBX 37.40 ($0.50) and a fifty-two week high of GBX 124.20 ($1.67). The stock has a market capitalization of £288.57 million, a PE ratio of -9.23 and a beta of 1.45.

Vanquis Banking Group (LON:VANQ - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported GBX 1.90 ($0.03) EPS for the quarter. Vanquis Banking Group had a negative return on equity of 5.64% and a negative net margin of 6.88%. On average, equities research analysts expect that Vanquis Banking Group will post 4.1557331 EPS for the current fiscal year.

Vanquis Banking Group Company Profile