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Canaccord Genuity Group Forecasts Strong Price Appreciation for Vanquis Banking Group (LON:VANQ) Stock

Vanquis Banking Group logo with Financial Services background

Vanquis Banking Group (LON:VANQ - Get Free Report) had its price objective increased by research analysts at Canaccord Genuity Group from GBX 66 ($0.88) to GBX 83 ($1.10) in a research note issued to investors on Friday, Marketbeat reports. The firm currently has a "speculative buy" rating on the stock. Canaccord Genuity Group's price objective indicates a potential upside of 28.48% from the company's current price.

Separately, Shore Capital restated a "house stock" rating on shares of Vanquis Banking Group in a research note on Friday, March 14th.

Check Out Our Latest Stock Analysis on VANQ

Vanquis Banking Group Price Performance

VANQ traded up GBX 0.60 ($0.01) during trading on Friday, hitting GBX 64.60 ($0.86). The company had a trading volume of 189,743 shares, compared to its average volume of 818,996. Vanquis Banking Group has a 1-year low of GBX 37.40 ($0.50) and a 1-year high of GBX 67.60 ($0.90). The business has a 50-day moving average of GBX 57.64 and a 200-day moving average of GBX 51.88. The company has a market cap of £163.81 million, a PE ratio of -5.24 and a beta of 1.45.

Vanquis Banking Group (LON:VANQ - Get Free Report) last issued its quarterly earnings data on Friday, March 14th. The company reported GBX (9.70) (($0.13)) EPS for the quarter. Vanquis Banking Group had a negative return on equity of 5.64% and a negative net margin of 6.88%. Research analysts forecast that Vanquis Banking Group will post 4.1557331 earnings per share for the current year.

Vanquis Banking Group Company Profile

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