Vanquis Banking Group (LON:VANQ) Shares Down 0.7% - What's Next?

Key Points

• Vanquis Banking Group's share price fell by 0.7% on Tuesday, trading at GBX 114.40 ($1.55), with a slight increase in trading volume compared to its daily average.
• Shore Capital has maintained a "house stock" rating for Vanquis, with one analyst giving it a Buy rating and a consensus target price of GBX 83.
• The company reported a negative net margin of 6.88% and a P/E ratio of -375.08, with an expected EPS of approximately 4.16 for the current year.

Vanquis Banking Group plc (LON:VANQ - Get Free Report)'s share price dropped 0.7% on Tuesday . The stock traded as low as GBX 114.20 ($1.54) and last traded at GBX 114.40 ($1.55). Approximately 844,365 shares traded hands during trading, an increase of 2% from the average daily volume of 830,726 shares. The stock had previously closed at GBX 115.20 ($1.56).

Wall Street Analyst Weigh In

Separately, Shore Capital restated a "house stock" rating on shares of Vanquis Banking Group in a research note on Thursday, August 7th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of GBX 83.

Vanquis Banking Group Stock Performance

The firm has a market cap of £293.42 million, a P/E ratio of -375.08 and a beta of 1.45. The firm's fifty day moving average is GBX 108.58 and its 200 day moving average is GBX 86.86.

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

About Vanquis Banking Group

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