Vanquis Banking Group (LON:VANQ) Releases 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) issued its quarterly earnings data on Thursday. The company reported GBX 1.90 ($0.03) earnings per share (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 Price Performance

Shares of Vanquis Banking Group stock traded up GBX 3.40 ($0.05) on Friday, reaching GBX 118.40 ($1.59). 1,588,541 shares of the company traded hands, compared to its average volume of 783,687. Vanquis Banking Group has a 52 week low of GBX 37.40 ($0.50) and a 52 week high of GBX 124.20 ($1.67). The company has a 50 day moving average of GBX 97.85 and a 200 day moving average of GBX 74.29. The firm has a market capitalization of £300.24 million, a PE ratio of -9.61 and a beta of 1.45.

Analysts Set New Price Targets

VANQ has been the subject of a number of recent analyst reports. Shore Capital reaffirmed a "house stock" rating on shares of Vanquis Banking Group in a research report on Thursday. Canaccord Genuity Group upped their price objective on shares of Vanquis Banking Group from GBX 66 ($0.89) to GBX 83 ($1.12) and gave the stock a "speculative buy" rating in a research report on Friday, May 2nd.

About Vanquis Banking Group