Vanquis Banking Group (LON:VANQ) Shares Down 1.9% - Time to Sell?

Key Points

• Vanquis Banking Group's shares fell by 1.9% during trading, with the stock trading as low as GBX 113.60 ($1.53) and closing at GBX 114 ($1.54).
• Research analysts are optimistic, with Canaccord Genuity upgrading the price target to GBX 83 and a consensus rating of "Buy".
• The company reported earnings of GBX 1.90 per share in its latest quarterly results, but is experiencing negative net margins and return on equity.

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

Analyst Upgrades and Downgrades

Separately, Shore Capital reissued a "house stock" rating on shares of Vanquis Banking Group in a research note on Thursday, August 7th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of GBX 83.

Vanquis Banking Group Price Performance

The firm has a market capitalization of £290.34 million, a PE ratio of -242.40 and a beta of 1.45. The business's 50-day moving average price is GBX 105.44 and its 200-day moving average price is GBX 81.13.

Vanquis Banking Group (LON:VANQ - Get Free Report) last announced 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%. On average, analysts anticipate that Vanquis Banking Group plc will post 4.1557331 EPS for the current fiscal year.

About Vanquis Banking Group