Vanquis Banking Group (LON:VANQ) Shares Up 0.6% - Here's What Happened

Vanquis Banking Group plc (LON:VANQ - Get Free Report)'s share price shot up 0.6% during mid-day trading on Friday . The company traded as high as GBX 85 ($1.15) and last traded at GBX 84 ($1.13). 470,838 shares changed hands during trading, a decline of 43% from the average session volume of 830,844 shares. The stock had previously closed at GBX 83.50 ($1.13).

Analysts Set New Price Targets

VANQ has been the topic of a number of research reports. Canaccord Genuity Group increased their price objective on shares of Vanquis Banking Group from GBX 66 ($0.89) to GBX 83 ($1.12) and gave the stock a "speculative buy" rating in a research note on Friday, May 2nd. Shore Capital reiterated a "house stock" rating on shares of Vanquis Banking Group in a research note on Friday, March 14th.

Vanquis Banking Group Stock Down 0.8%

The stock has a market cap of £215.79 million, a price-to-earnings ratio of -6.90 and a beta of 1.45. The stock's 50 day moving average price is GBX 66.33 and its two-hundred day moving average price is GBX 55.65.

Vanquis Banking Group (LON:VANQ - Get Free Report) last released its quarterly earnings results on Friday, March 14th. The company reported GBX (9.70) (($0.13)) 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 predict that Vanquis Banking Group plc will post 4.1557331 earnings per share for the current fiscal year.

About Vanquis Banking Group