Vanquis Banking Group (LON:VANQ) Trading Up 0.6% – Here’s What Happened

Vanquis Banking Group plc (LON:VANQ) was up 0.6% on Friday . The stock traded as high as GBX 85 ($1.15) and last traded at GBX 84 ($1.14). Approximately 470,838 shares were traded during trading, a decline of 43% from the average daily volume of 830,844 shares. The stock had previously closed at GBX 83.50 ($1.13).

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on VANQ shares. Shore Capital reiterated a “house stock” rating on shares of Vanquis Banking Group in a report on Friday, March 14th. Canaccord Genuity Group upped their price objective on shares of Vanquis Banking Group from GBX 66 ($0.89) to GBX 83 ($1.12) and gave the company a “speculative buy” rating in a report on Friday, May 2nd.

Vanquis Banking Group Price Performance

The firm’s fifty day moving average price is GBX 64.17 and its two-hundred day moving average price is GBX 54.40. The stock has a market cap of £213.00 million, a price-to-earnings ratio of -6.81 and a beta of 1.45.

Vanquis Banking Group (LON:VANQ) last posted its earnings results on Friday, March 14th. The company reported GBX (9.70) (($0.13)) EPS for the quarter. Vanquis Banking Group had a negative return on equity of 5.64% and a negative net margin of 6.88%. On average, equities research analysts anticipate that Vanquis Banking Group plc will post 4.1557331 earnings per share for the current year.

About Vanquis Banking Group