Key Points
- Insider sale: Ian McLaughlin sold 289,094 Vanquis Banking Group shares at an average price of GBX 77, generating approximately £222,602.
- Stock performance: VANQ opened at GBX 76.30, near its 12-month low of GBX 75 and well below its 12-month high of GBX 132. The company has a market capitalization of about £191 million.
- Analyst outlook: Analysts maintain an average “Buy” rating with a GBX 142.50 price target, although Berenberg recently lowered its target from GBX 165 to GBX 145.
Vanquis Banking Group plc (LON:VANQ - Get Free Report) insider Ian McLaughlin sold 289,094 shares of the business's stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of GBX 77, for a total value of £222,602.38.
Vanquis Banking Group Stock Down 0.8%
VANQ stock opened at GBX 76.30 on Thursday. Vanquis Banking Group plc has a twelve month low of GBX 75 and a twelve month high of GBX 132. The stock's 50 day moving average is GBX 94.64 and its 200-day moving average is GBX 106.74. The firm has a market capitalization of £191.00 million, a PE ratio of 28.26 and a beta of 1.17.
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 return on equity of 2.20% and a net margin of 1.71%. On average, equities research analysts anticipate that Vanquis Banking Group plc will post 4.1557331 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank reduced their target price on shares of Vanquis Banking Group from GBX 165 to GBX 145 and set a "buy" rating for the company in a research note on Thursday, July 30th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and an average price target of GBX 142.50.
View Our Latest 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/
Further Reading
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