Vanquis Banking Group (LON:VANQ) Stock Price Down 3.1%

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

Wall Street Analysts Forecast Growth

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

Vanquis Banking Group Stock Down 3.1 %

The company has a 50-day moving average of GBX 54.10 and a 200 day moving average of GBX 60.55. The stock has a market capitalization of £137.99 million, a PE ratio of -538.00 and a beta of 1.45.

About Vanquis Banking Group

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.