Vanquis Banking Group (LON:VANQ) Insider Ian McLaughlin Sells 289,094 Shares

Vanquis Banking Group plc (LON:VANQ) insider Ian McLaughlin sold 289,094 shares of the business’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of GBX 77, for a total transaction of £222,602.38.

Vanquis Banking Group Stock Performance

LON VANQ traded down GBX 0.60 during mid-day trading on Wednesday, reaching GBX 76.30. 656,045 shares of the stock were exchanged, compared to its average volume of 997,550. The company has a market capitalization of £191.00 million, a P/E ratio of 28.26 and a beta of 1.17. The business’s 50 day moving average is GBX 95.45 and its 200-day moving average is GBX 107.12. Vanquis Banking Group plc has a 1 year low of GBX 75 and a 1 year high of GBX 132.

Vanquis Banking Group (LON:VANQ) last issued its quarterly earnings data on Thursday, July 30th. The company reported GBX 1.80 earnings per share for the quarter. Vanquis Banking Group had a net margin of 1.71% and a return on equity of 2.20%. Equities analysts predict that Vanquis Banking Group plc will post 4.1557331 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank decreased their target price on Vanquis Banking Group from GBX 165 to GBX 145 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of GBX 142.50.

About Vanquis Banking Group

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/