Vanquis Banking Group (LON:VANQ) Trading Up 0.5% - Here's What Happened

Key Points

• Vanquis Banking Group's shares rose by 0.5% to GBX 115.40 ($1.55) amid a significant 68% decrease in trading volume compared to the average.
• Analysts remain positive, with Keefe, Bruyette & Woods raising the price target from GBX 120 to GBX 140 and giving an "outperform" rating, contributing to an average rating of "Buy" for the stock.
• The company reported a P/E ratio of -378.36 and a negative return on equity of -5.64% based on their latest earnings results.

Shares of Vanquis Banking Group plc (LON:VANQ - Get Free Report) were up 0.5% on Thursday . The company traded as high as GBX 116.40 ($1.56) and last traded at GBX 115.40 ($1.55). Approximately 265,713 shares changed hands during mid-day trading, a decline of 68% from the average daily volume of 836,792 shares. The stock had previously closed at GBX 114.80 ($1.54).

Analyst Ratings Changes

A number of analysts recently commented on the company. Keefe, Bruyette & Woods lifted their price target on Vanquis Banking Group from GBX 120 to GBX 140 and gave the stock an "outperform" rating in a report on Friday, October 10th. Singer Capital Markets reiterated a "house stock" rating on shares of Vanquis Banking Group in a report on Thursday, September 25th. Finally, Shore Capital reiterated a "house stock" rating on shares of Vanquis Banking Group in a report on Monday, October 6th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of GBX 111.50.

Vanquis Banking Group Price Performance

The firm has a market capitalization of £295.98 million, a P/E ratio of -378.36 and a beta of 1.45. The stock has a fifty day moving average of GBX 115.36 and a 200 day moving average of GBX 94.12.

Vanquis Banking Group (LON:VANQ - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported GBX 1.90 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%. Equities analysts forecast that Vanquis Banking Group plc will post 4.1557331 EPS for the current fiscal year.

Vanquis Banking Group Company Profile

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