Vanquis Banking Group (LON:VANQ) Trading Up 3.6% – What’s Next?

Vanquis Banking Group plc (LON:VANQ) rose 3.6% on Thursday . The company traded as high as GBX 45.10 ($0.57) and last traded at GBX 45.10 ($0.57). Approximately 617,783 shares changed hands during mid-day trading, a decline of 51% from the average daily volume of 1,248,982 shares. The stock had previously closed at GBX 43.55 ($0.55).

Analysts Set New Price Targets

Separately, Shore Capital reiterated a “house stock” rating on shares of Vanquis Banking Group in a research report on Thursday, November 7th.

Vanquis Banking Group Stock Performance

The company’s 50-day moving average price is GBX 50.10 and its two-hundred day moving average price is GBX 53.04. The stock has a market cap of £117.47 million, a PE ratio of -462.50 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.