Key Points
- Insider buying: Dave Watts purchased 191 Vanquis Banking Group shares at GBX 78 each, worth £148.98. He has also bought 45,000 shares since July, alongside smaller purchases.
- Share performance: Vanquis opened at GBX 76.84, down 1.2%, with a market capitalization of £192.36 million. The stock is trading below its 50-day and 200-day moving averages and near its one-year low of GBX 72.30.
- Analyst outlook remains positive: Berenberg lowered its price target from GBX 165 to GBX 145 but retained a “buy” rating; the three analysts covering the stock have an average “Buy” rating and a GBX 142.50 price target.
Vanquis Banking Group plc (LON:VANQ - Get Free Report) insider Dave Watts acquired 191 shares of the company's stock in a transaction dated Monday, September 14th. The shares were bought at an average price of GBX 78 per share, for a total transaction of £148.98.
Dave Watts also recently made the following trade(s):
- On Friday, August 14th, Dave Watts acquired 191 shares of Vanquis Banking Group stock. The stock was bought at an average cost of GBX 79 per share, with a total value of £150.89.
- On Thursday, July 30th, Dave Watts bought 45,000 shares of Vanquis Banking Group stock. The stock was purchased at an average cost of GBX 85 per share, with a total value of £38,250.
- On Tuesday, July 14th, Dave Watts purchased 132 shares of Vanquis Banking Group stock. The shares were purchased at an average cost of GBX 114 per share, for a total transaction of £150.48.
Vanquis Banking Group Trading Down 1.2%
LON VANQ opened at GBX 76.84 on Wednesday. The firm has a market capitalization of £192.36 million, a P/E ratio of 28.46 and a beta of 1.17. The firm's fifty day moving average price is GBX 91.44 and its two-hundred day moving average price is GBX 105.35. Vanquis Banking Group plc has a 1 year low of GBX 72.30 and a 1 year high of GBX 132.
Vanquis Banking Group (LON:VANQ - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported GBX 1.80 earnings per share for the quarter. Vanquis Banking Group had a net margin of 1.71% and a return on equity of 2.20%. On average, research analysts anticipate that Vanquis Banking Group plc will post 4.1557331 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Separately, Berenberg Bank cut their price objective on Vanquis Banking Group from GBX 165 to GBX 145 and set a "buy" rating for the company in a research report on Thursday, July 30th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Vanquis Banking Group currently has an average rating of "Buy" and an average price target of GBX 142.50.
Check Out Our Latest Analysis on VANQ
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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