Vanquis Banking Group (LON:VANQ) Announces Quarterly Earnings Results

Key Points

• Vanquis Banking Group reported a quarterly EPS of GBX 1.90 ($0.03), along with a negative return on equity of 5.64% and a negative net margin of 6.88%.
• The company's shares opened at GBX 122.87 ($1.65) with a market cap of £311.58 million, and a P/E ratio of -9.97.
• Analysts from Canaccord Genuity raised their price target for Vanquis from GBX 66 ($0.89) to GBX 83 ($1.12) and rated the stock as a "speculative buy".

Vanquis Banking Group (LON:VANQ - Get Free Report) posted its quarterly earnings data on Thursday. The company reported GBX 1.90 ($0.03) EPS for the quarter, Digital Look Earnings reports. Vanquis Banking Group had a negative net margin of 6.88% and a negative return on equity of 5.64%.

Vanquis Banking Group Stock Down 1.6%

Shares of VANQ stock traded down GBX 1.80 ($0.02) on Tuesday, reaching GBX 112 ($1.50). The stock had a trading volume of 1,278,873 shares, compared to its average volume of 790,539. The firm's 50-day moving average is GBX 98.34 and its two-hundred day moving average is GBX 74.90. The firm has a market capitalization of £284.01 million, a price-to-earnings ratio of -9.09 and a beta of 1.45. Vanquis Banking Group has a 12 month low of GBX 37.40 ($0.50) and a 12 month high of GBX 124.20 ($1.67).

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Canaccord Genuity Group boosted their price objective on shares of Vanquis Banking Group from GBX 66 ($0.89) to GBX 83 ($1.11) and gave the company a "speculative buy" rating in a research report on Friday, May 2nd. Shore Capital restated a "house stock" rating on shares of Vanquis Banking Group in a research note on Thursday, August 7th.

Vanquis Banking Group Company Profile