Vanquis Banking Group (LON:VANQ) Shares Down 0.7% – Time to Sell?

Vanquis Banking Group plc (LON:VANQ) traded down 0.7% on Thursday . The company traded as low as GBX 118.60 and last traded at GBX 118.60. 56,456 shares were traded during mid-day trading, a decline of 94% from the average session volume of 937,257 shares. The stock had previously closed at GBX 119.40.

Analysts Set New Price Targets

A number of brokerages have commented on VANQ. Keefe, Bruyette & Woods boosted their target price on Vanquis Banking Group from GBX 120 to GBX 140 and gave the company an “outperform” rating in a research note on Friday, October 10th. Shore Capital Group reissued a “house stock” rating on shares of Vanquis Banking Group in a research note on Wednesday, November 5th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Vanquis Banking Group presently has a consensus rating of “Buy” and an average target price of GBX 111.50.

Vanquis Banking Group Stock Up 0.8%

The stock’s 50-day moving average price is GBX 117.07 and its 200 day moving average price is GBX 114.06. The company has a market cap of £305.74 million, a P/E ratio of -3.91 and a beta of 1.45.

Insider Buying and Selling

In other Vanquis Banking Group news, insider Oliver Laird sold 13,000 shares of the business’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of GBX 111, for a total transaction of £14,430. 2.13% of the stock is owned by company insiders.

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/