Vanquis Banking Group (LON:VANQ) Stock Rating Reaffirmed by Shore Capital

Shore Capital reiterated their house stock rating on shares of Vanquis Banking Group (LON:VANQFree Report) in a report published on Wednesday, reports.

Separately, Barclays lowered their target price on shares of Vanquis Banking Group from GBX 190 ($2.40) to GBX 140 ($1.77) and set an overweight rating on the stock in a research report on Tuesday, March 12th.

Check Out Our Latest Stock Analysis on VANQ

Vanquis Banking Group Stock Up 8.6 %

Shares of Vanquis Banking Group stock opened at GBX 55.80 ($0.71) on Wednesday. The firm has a market capitalization of £143.12 million, a P/E ratio of 348.75 and a beta of 1.45. Vanquis Banking Group has a 52 week low of GBX 43.15 ($0.55) and a 52 week high of GBX 243.20 ($3.07). The firm’s 50 day moving average is GBX 103.21 and its two-hundred day moving average is GBX 113.56.

Vanquis Banking Group Cuts Dividend

The firm also recently announced a dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, April 18th will be given a dividend of GBX 1 ($0.01) per share. The ex-dividend date of this dividend is Thursday, April 18th. This represents a dividend yield of 1.95%. Vanquis Banking Group’s dividend payout ratio (DPR) is presently 9,375.00%.

About Vanquis Banking Group

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Vanquis Banking Group plc provides personal credit products to the non-standard lending market in the United Kingdom and the Republic of Ireland. It offers credit cards products, and unsecured personal loans products. The company also provides vehicle finance for cars, motorbikes, and light commercial vehicles.

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