Vanquis Banking Group (LON:VANQ) Stock Price Down 1.9% - What's Next?

Key Points

• Vanquis Banking Group's stock price dropped 1.9% to GBX 114 ($1.54) on Friday, with a trading volume significantly up by 80% compared to its average daily volume.
• Analyst ratings show a consensus of "Buy" for the stock, with a boosted price target of GBX 83 from Canaccord Genuity Group.
• Financial performance reveals a negative return on equity of -5.64% and a negative net margin of -6.88% for the recent quarter.

Shares of Vanquis Banking Group plc (LON:VANQ - Get Free Report) were down 1.9% during trading on Friday . The company traded as low as GBX 113.60 ($1.52) and last traded at GBX 114 ($1.53). Approximately 1,436,468 shares were traded during mid-day trading, an increase of 80% from the average daily volume of 796,381 shares. The stock had previously closed at GBX 116.20 ($1.56).

Analyst Upgrades and Downgrades

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

Vanquis Banking Group Stock Performance

The firm has a market capitalization of £290.34 million, a price-to-earnings ratio of -242.40 and a beta of 1.45. The stock's fifty day moving average is GBX 105.44 and its two-hundred day moving average is GBX 81.13.

Vanquis Banking Group (LON:VANQ - Get Free Report) last issued its quarterly earnings data 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%. Sell-side analysts anticipate that Vanquis Banking Group plc will post 4.1557331 earnings per share for the current year.

Vanquis Banking Group Company Profile