Vanquis Banking Group (LON:VANQ) Trading Down 3.1%

Shares of Vanquis Banking Group plc (LON:VANQ) traded down 3.1% during trading on Friday . The company traded as low as GBX 53.80 ($0.71) and last traded at GBX 53.80 ($0.71). 432,108 shares traded hands during mid-day trading, a decline of 68% from the average session volume of 1,335,597 shares. The stock had previously closed at GBX 55.50 ($0.73).

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Canaccord Genuity Group upgraded shares of Vanquis Banking Group to a “speculative buy” rating and lowered their target price for the stock from GBX 123 ($1.62) to GBX 66 ($0.87) in a research note on Monday, May 13th. Shore Capital reiterated a “house stock” rating on shares of Vanquis Banking Group in a research note on Thursday, August 1st.

Vanquis Banking Group Stock Performance

The firm’s 50 day simple moving average is GBX 54.10 and its 200 day simple moving average is GBX 60.55. The firm has a market capitalization of £137.99 million, a price-to-earnings ratio of -538.00 and a beta of 1.45.

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.