Key Points
- Insider buying: Dave Watts purchased 215 Vanquis Banking Group shares at GBX 70 each, worth £150.50. This follows several earlier purchases, including 45,000 shares bought for £38,250 in July.
- Stock performance: Vanquis shares opened at GBX 67.50, near their one-year low of GBX 67 and below their 50-day and 200-day moving averages of GBX 76.04 and GBX 99.20, respectively.
- Analyst view: Berenberg reduced its price target from GBX 165 to GBX 145 but maintained a “buy” rating. The stock has a consensus “Buy” rating and a GBX 145 consensus price target.
Vanquis Banking Group plc (LON:VANQ - Get Free Report) insider Dave Watts bought 215 shares of the company's stock in a transaction dated Wednesday, October 14th. The stock was bought at an average cost of GBX 70 per share, for a total transaction of £150.50.
Dave Watts also recently made the following trade(s):
- On Monday, September 14th, Dave Watts purchased 191 shares of Vanquis Banking Group stock. The shares were bought at an average price of GBX 78 per share, with a total value of £148.98.
- On Friday, August 14th, Dave Watts purchased 191 shares of Vanquis Banking Group stock. The shares were bought at an average price of GBX 79 per share, with a total value of £150.89.
- On Thursday, July 30th, Dave Watts purchased 45,000 shares of Vanquis Banking Group stock. The shares were bought at an average cost of GBX 85 per share, with a total value of £38,250.
Vanquis Banking Group Stock Performance
Shares of VANQ opened at GBX 67.50 on Friday. The stock has a market capitalization of £168.97 million, a P/E ratio of 25.00 and a beta of 1.17. The company's fifty day moving average is GBX 76.04 and its two-hundred day moving average is GBX 99.20. Vanquis Banking Group plc has a 1 year low of GBX 67 and a 1 year high of GBX 132.
Vanquis Banking Group (LON:VANQ - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported GBX 1.80 EPS for the quarter. Vanquis Banking Group had a net margin of 1.71% and a return on equity of 2.20%. Sell-side analysts predict that Vanquis Banking Group plc will post 4.16 EPS for the current year.
Analysts Set New Price Targets
Separately, Berenberg Bank cut their price target on shares of Vanquis Banking Group from GBX 165 to GBX 145 and set a "buy" rating for the company in a report on Thursday, July 30th. Two investment analysts have rated the stock with a Buy rating. According to MarketBeat.com, Vanquis Banking Group presently has a consensus rating of "Buy" and a consensus price target of GBX 145.
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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