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Vanquis Banking Group (LON:VANQ) Shares Down 2.3% - Here's What Happened

Vanquis Banking Group logo with Financial Services background

Key Points

  • Vanquis Banking Group's stock fell by 2.3% during trading, reaching a low of GBX 95.23 ($1.26) and closing at GBX 96.20 ($1.28).
  • Trading volume was approximately 435,999 shares, which represents a 41% decline from the average daily volume of 735,241 shares.
  • Analysts at Canaccord Genuity increased their target price for Vanquis from GBX 66 ($0.88) to GBX 83 ($1.10) and issued a "speculative buy" rating.
  • Looking to export and analyze Vanquis Banking Group data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Vanquis Banking Group plc (LON:VANQ - Get Free Report)'s share price fell 2.3% during trading on Friday . The company traded as low as GBX 95.23 ($1.27) and last traded at GBX 96.20 ($1.28). 435,999 shares were traded during trading, a decline of 41% from the average session volume of 735,241 shares. The stock had previously closed at GBX 98.50 ($1.31).

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on VANQ. Canaccord Genuity Group boosted their price objective on shares of Vanquis Banking Group from GBX 66 ($0.88) to GBX 83 ($1.10) and gave the stock a "speculative buy" rating in a research report on Friday, May 2nd. Shore Capital reiterated a "house stock" rating on shares of Vanquis Banking Group in a report on Friday, July 11th.

Check Out Our Latest Research Report on VANQ

Vanquis Banking Group Price Performance

The firm's fifty day moving average price is GBX 96.29 and its 200-day moving average price is GBX 73. The company has a market cap of £261.18 million, a price-to-earnings ratio of -8.36 and a beta of 1.45.

About Vanquis Banking Group

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