Insider Buying: Vanquis Banking Group (LON:VANQ) Insider Buys £150.89 in Stock

Vanquis Banking Group plc (LON:VANQ) insider Dave Watts bought 191 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The shares were bought at an average price of GBX 79 per share, with a total value of £150.89.

Dave Watts also recently made the following trade(s):

• On Thursday, July 30th, Dave Watts purchased 45,000 shares of Vanquis Banking Group stock. The stock was bought at an average cost of GBX 85 per share, with a total value of £38,250.
• On Tuesday, July 14th, Dave Watts purchased 132 shares of Vanquis Banking Group stock. The stock was bought at an average price of GBX 114 per share, for a total transaction of £150.48.
• On Monday, June 15th, Dave Watts acquired 133 shares of Vanquis Banking Group stock. The shares were bought at an average price of GBX 113 per share, for a total transaction of £150.29.

Vanquis Banking Group Stock Performance

Shares of VANQ traded down GBX 0.80 during trading hours on Monday, reaching GBX 79.10. 439,975 shares of the company traded hands, compared to its average volume of 1,001,640. The stock’s fifty day moving average is GBX 106.60 and its 200 day moving average is GBX 111.85. The stock has a market cap of £198.01 million, a P/E ratio of 29.30 and a beta of 1.17. Vanquis Banking Group plc has a 1-year low of GBX 77.10 and a 1-year high of GBX 132.

Vanquis Banking Group (LON:VANQ) last released its earnings results 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%. On average, equities research analysts predict that Vanquis Banking Group plc will post 4.1557331 EPS for the current year.

Analysts Set New Price Targets

VANQ has been the subject of several recent research reports. Berenberg Bank dropped their price target on shares of Vanquis Banking Group from GBX 165 to GBX 145 and set a “buy” rating for the company in a research report on Thursday, July 30th. Shore Capital Group restated a “buy” rating on shares of Vanquis Banking Group in a research note on Wednesday, May 6th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company 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/