Vanquis Banking Group (LON:VANQ) Trading Up 1.4%

Vanquis Banking Group plc (LON:VANQ)’s share price traded up 1.4% during mid-day trading on Wednesday . The company traded as high as GBX 49.55 ($0.62) and last traded at GBX 48.65 ($0.61). 381,661 shares traded hands during trading, a decline of 74% from the average session volume of 1,448,761 shares. The stock had previously closed at GBX 48 ($0.60).

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Shore Capital reissued a “house stock” rating on shares of Vanquis Banking Group in a research note on Wednesday, March 27th. Barclays reduced their target price on shares of Vanquis Banking Group from GBX 190 ($2.37) to GBX 140 ($1.74) and set an “overweight” rating for the company in a research note on Tuesday, March 12th.

Vanquis Banking Group Stock Performance

The business’s 50 day simple moving average is GBX 83.38 and its 200-day simple moving average is GBX 105.92. The stock has a market capitalization of £124.78 million, a price-to-earnings ratio of -2,432.50 and a beta of 1.36.

Vanquis Banking Group Cuts Dividend

The company also recently announced a dividend, which will be paid on Thursday, May 30th. Shareholders of record on Thursday, April 18th will be paid a dividend of GBX 1 ($0.01) per share. This represents a yield of 1.95%. The ex-dividend date of this dividend is Thursday, April 18th. Vanquis Banking Group’s payout ratio is -30,000.00%.

About Vanquis Banking Group

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.