Dave Watts Acquires 132 Shares of Vanquis Banking Group (LON:VANQ) Stock

Key Points

• Insider Trading: Dave Watts, an insider at Vanquis Banking Group, purchased 132 shares at an average price of GBX 113, totaling £149.16, indicating personal confidence in the company's stock.
• Stock Performance: As of Friday, Vanquis Banking Group's shares traded up 0.9% to GBX 113.60, with a market cap of £288.06 million, and a 52-week range of GBX 37.40 to GBX 124.20.
• Earnings Report: The company reported a quarterly EPS of GBX 1.90, with analysts predicting an annual EPS of about 4.16, reflecting potential financial challenges with a negative return on equity.

Vanquis Banking Group plc (LON:VANQ - Get Free Report) insider Dave Watts acquired 132 shares of the stock in a transaction dated Thursday, August 14th. The stock was acquired at an average cost of GBX 113 per share, with a total value of £149.16.

Dave Watts also recently made the following trade(s):

• On Monday, June 16th, Dave Watts bought 172 shares of Vanquis Banking Group stock. The shares were acquired at an average cost of GBX 88 per share, for a total transaction of £151.36.

Vanquis Banking Group Price Performance

Vanquis Banking Group stock traded up GBX 0.10 during midday trading on Wednesday, reaching GBX 115.30. The company's stock had a trading volume of 560,396 shares, compared to its average volume of 783,348. The stock has a market capitalization of £292.37 million, a P/E ratio of -9.35 and a beta of 1.45. The stock's 50-day simple moving average is GBX 101.05 and its 200-day simple moving average is GBX 77.62. Vanquis Banking Group plc has a 52-week low of GBX 37.40 and a 52-week high of GBX 124.20.

Vanquis Banking Group (LON:VANQ - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported GBX 1.90 earnings per share for the quarter. Vanquis Banking Group had a negative return on equity of 5.64% and a negative net margin of 6.88%. As a group, equities research analysts expect that Vanquis Banking Group plc will post 4.1557331 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Shore Capital restated a "house stock" rating on shares of Vanquis Banking Group in a research note on Thursday, August 7th. Canaccord Genuity Group boosted their price objective on shares of Vanquis Banking Group from GBX 66 to GBX 83 and gave the company a "speculative buy" rating in a report on Friday, May 2nd. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of GBX 83.

About Vanquis Banking Group