Key Points
- Insider buying: Dave Watts acquired 45,000 Vanquis Banking Group shares at GBX 85 each, investing £38,250. He also made three smaller purchases between May and July.
- Stock performance: Vanquis shares opened at GBX 87.40, down 24.1%, and were trading near their 12-month low of GBX 82; the stock’s market capitalization was £218.79 million.
- Analyst view: Analysts maintain a consensus “Buy” rating with a target price of GBX 142.50, despite Berenberg lowering its target from GBX 165 to GBX 145.
Vanquis Banking Group plc (LON:VANQ - Get Free Report) insider Dave Watts acquired 45,000 shares of the company's stock in a transaction that occurred on Thursday, July 30th. The shares were acquired at an average price of GBX 85 per share, with a total value of £38,250.
Dave Watts also recently made the following trade(s):
- On Tuesday, July 14th, Dave Watts bought 132 shares of Vanquis Banking Group stock. The stock was acquired at an average price of GBX 114 per share, for a total transaction of £150.48.
- On Monday, June 15th, Dave Watts bought 133 shares of Vanquis Banking Group stock. The shares were acquired at an average cost of GBX 113 per share, with a total value of £150.29.
- On Thursday, May 14th, Dave Watts bought 129 shares of Vanquis Banking Group stock. The shares were acquired at an average cost of GBX 116 per share, with a total value of £149.64.
Vanquis Banking Group Trading Down 24.1%
VANQ stock opened at GBX 87.40 on Friday. The firm has a 50-day moving average price of GBX 113.38 and a 200-day moving average price of GBX 114.94. Vanquis Banking Group plc has a 12 month low of GBX 82 and a 12 month high of GBX 132. The stock has a market capitalization of £218.79 million, a P/E ratio of 28.19 and a beta of 1.23.
Vanquis Banking Group (LON:VANQ - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported GBX 1.80 earnings per share (EPS) for the quarter. Vanquis Banking Group had a net margin of 1.87% and a return on equity of 1.89%. As a group, equities analysts predict that Vanquis Banking Group plc will post 4.1557331 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on the stock. Shore Capital Group reaffirmed a "buy" rating on shares of Vanquis Banking Group in a research note on Wednesday, May 6th. Berenberg Bank cut their price objective on Vanquis Banking Group from GBX 165 to GBX 145 and set a "buy" rating on the stock in a report on Thursday. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Vanquis Banking Group has a consensus rating of "Buy" and a consensus target price of GBX 142.50.
View Our Latest Stock Report on Vanquis Banking Group
Vanquis Banking Group Company Profile
(
Get Free Report)
We're Vanquis Banking Group plc, an FTSE All Share company and a leading specialist bank, established in 1880. We lend responsibly, providing tailored products and services to 1.75 million UK customers through Vanquis, Moneybarn, and Snoop.
https://www.vanquisbankinggroup.com/shareholder-hub/investment-case/
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