Vanquis Banking Group (LON:VANQ) Shares Up 10.9% - Here's Why

Key Points

• Vanquis Banking Group's shares rose by 10.9%, reaching GBX 114.20 ($1.53) during trading on Thursday, with a total of 765,129 shares changing hands.
• Analyst ratings for the company improved, with Canaccord Genuity raising their target price from GBX 66 ($0.88) to GBX 83 ($1.11) and classifying it as a "speculative buy".
• The company's recent earnings report indicated negative returns, with a return on equity of -5.64% and a net margin of -6.88%.

Shares of Vanquis Banking Group plc (LON:VANQ - Get Free Report) shot up 10.9% during trading on Thursday . The company traded as high as GBX 114.20 ($1.53) and last traded at GBX 114.20 ($1.53). 765,129 shares changed hands during trading, an increase of 0% from the average session volume of 762,922 shares. The stock had previously closed at GBX 103 ($1.38).

Analyst Ratings Changes

VANQ has been the topic of several research reports. Canaccord Genuity Group increased their target price on Vanquis Banking Group from GBX 66 ($0.88) to GBX 83 ($1.11) and gave the stock a "speculative buy" rating in a research report on Friday, May 2nd. Shore Capital reaffirmed a "house stock" rating on shares of Vanquis Banking Group in a research note on Thursday.

Vanquis Banking Group Trading Up 11.7%

The stock has a market capitalization of £291.87 million, a PE ratio of -9.34 and a beta of 1.45. The business's 50-day moving average is GBX 96.64 and its two-hundred day moving average is GBX 73.20.

Vanquis Banking Group (LON:VANQ - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported GBX 1.90 ($0.03) earnings per share (EPS) for the quarter. Vanquis Banking Group had a negative return on equity of 5.64% and a negative net margin of 6.88%. On average, analysts predict that Vanquis Banking Group plc will post 4.1557331 EPS for the current year.

Vanquis Banking Group Company Profile

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