Vanquis Banking Group (LON:VANQ) Trading Up 1.4%

Shares of Vanquis Banking Group plc (LON:VANQ) were up 1.4% during trading on Wednesday . The stock traded as high as GBX 49.55 ($0.62) and last traded at GBX 48.65 ($0.61). Approximately 381,661 shares changed hands during mid-day trading, a decline of 74% from the average daily volume of 1,448,761 shares. The stock had previously closed at GBX 48 ($0.60).

Wall Street Analyst Weigh In

Several equities analysts have commented on VANQ shares. Shore Capital reissued a “house stock” rating on shares of Vanquis Banking Group in a research report on Wednesday, March 27th. Barclays decreased their price objective on shares of Vanquis Banking Group from GBX 190 ($2.37) to GBX 140 ($1.74) and set an “overweight” rating for the company in a research report on Tuesday, March 12th.

Vanquis Banking Group Stock Performance

The firm has a market capitalization of £124.78 million, a PE ratio of -2,432.50 and a beta of 1.36. The company’s 50-day moving average price is GBX 83.38 and its 200-day moving average price is GBX 105.92.

Vanquis Banking Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, April 18th will be given a dividend of GBX 1 ($0.01) per share. The ex-dividend date is Thursday, April 18th. This represents a dividend yield of 1.95%. Vanquis Banking Group’s dividend payout ratio (DPR) is currently -30,000.00%.

Vanquis Banking Group Company Profile

Vanquis Banking Group plc provides personal credit products to the non-standard lending market in the United Kingdom and the Republic of Ireland. It offers credit cards products, and unsecured personal loans products. The company also provides vehicle finance for cars, motorbikes, and light commercial vehicles.