Vanquis Banking Group (LON:VANQ) Stock Price Up 2.7%

Vanquis Banking Group plc (LON:VANQ) shares rose 2.7% during trading on Thursday . The stock traded as high as GBX 51.30 ($0.65) and last traded at GBX 51 ($0.65). Approximately 2,105,487 shares were traded during trading, an increase of 43% from the average daily volume of 1,472,150 shares. The stock had previously closed at GBX 49.65 ($0.63).

Wall Street Analysts Forecast Growth

A number of analysts recently commented on VANQ shares. Barclays lowered their price objective on Vanquis Banking Group from GBX 190 ($2.41) to GBX 140 ($1.78) and set an “overweight” rating for the company in a research report on Tuesday, March 12th. Canaccord Genuity Group raised shares of Vanquis Banking Group to a “speculative buy” rating and reduced their price objective for the stock from GBX 123 ($1.56) to GBX 66 ($0.84) in a research note on Monday, May 13th. Finally, Shore Capital restated a “house stock” rating on shares of Vanquis Banking Group in a research report on Wednesday, May 15th.

Vanquis Banking Group Stock Performance

The stock’s fifty day moving average price is GBX 53.36 and its 200-day moving average price is GBX 83.63. The company has a market capitalization of £130.80 million, a P/E ratio of -2,550.00 and a beta of 1.37.

Vanquis Banking Group Company Profile

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