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

Key Points

• Shore Capital Group reiterated a Buy rating on Vanquis Banking Group (LON:VANQ) in a research note issued Wednesday.
• Shares fell to GBX 113.57 mid-day on heavy trading — 7,553,491 shares exchanged versus an average of 883,516 — leaving the stock near its 50‑day (GBX 114.24) and 200‑day (GBX 115.64) moving averages and below its 12‑month high of GBX 132.
• Key fundamentals: market cap £284.31m and a PE of 36.64; the company reported GBX 5 EPS for the quarter, ROE 1.89% and net margin 1.87%, with analysts forecasting about GBX 4.16 EPS for the year.

Vanquis Banking Group (LON:VANQ - Get Free Report)'s stock had its "buy" rating reiterated by equities research analysts at Shore Capital Group in a research note issued to investors on Wednesday,Digital Look reports.

Vanquis Banking Group Price Performance

Vanquis Banking Group stock traded down GBX 5.03 during mid-day trading on Wednesday, reaching GBX 113.57. 7,553,491 shares of the company were exchanged, compared to its average volume of 883,516. The company has a fifty day simple moving average of GBX 114.24 and a 200-day simple moving average of GBX 115.64. Vanquis Banking Group has a 12 month low of GBX 63.72 and a 12 month high of GBX 132. The firm has a market cap of £284.31 million, a PE ratio of 36.64 and a beta of 1.30.

Vanquis Banking Group (LON:VANQ - Get Free Report) last posted its quarterly earnings data on Thursday, February 26th. The company reported GBX 5 EPS for the quarter. Vanquis Banking Group had a return on equity of 1.89% and a net margin of 1.87%. Sell-side analysts anticipate that Vanquis Banking Group will post 4.1557331 earnings per share for the current year.

Vanquis Banking Group Company Profile

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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