Vanquis Banking Group (LON:VANQ) Stock Price Up 0.8% – Time to Buy?

Vanquis Banking Group plc (LON:VANQ)’s share price was up 0.8% on Tuesday . The stock traded as high as GBX 121.40 and last traded at GBX 119.20. Approximately 563,892 shares changed hands during mid-day trading, a decline of 40% from the average daily volume of 943,976 shares. The stock had previously closed at GBX 118.20.

Analyst Ratings Changes

Several equities research analysts recently issued reports on VANQ shares. Singer Capital Markets reissued a “house stock” rating on shares of Vanquis Banking Group in a research note on Thursday, September 25th. Keefe, Bruyette & Woods upped their target price on Vanquis Banking Group from GBX 120 to GBX 140 and gave the stock an “outperform” rating in a research note on Friday, October 10th. Finally, Shore Capital reaffirmed a “house stock” rating on shares of Vanquis Banking Group in a report on Wednesday, November 5th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, Vanquis Banking Group presently has a consensus rating of “Buy” and an average target price of GBX 111.50.

Vanquis Banking Group Price Performance

The firm has a market cap of £305.74 million, a P/E ratio of -3.91 and a beta of 1.45. The stock has a 50 day moving average of GBX 114.32 and a 200 day moving average of GBX 110.18.

Insider Activity

In other news, insider Oliver Laird sold 13,000 shares of the stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of GBX 111, for a total transaction of £14,430. Insiders own 2.13% of the company’s stock.

Vanquis Banking Group Company Profile

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/