Vanquis Banking Group (LON:VANQ) Stock Price Up 1.4%

Vanquis Banking Group plc (LON:VANQ)’s share price shot up 1.4% on Wednesday . The company traded as high as GBX 49.55 ($0.62) and last traded at GBX 48.65 ($0.61). 381,661 shares were traded during trading, a decline of 74% from the average session volume of 1,448,761 shares. The stock had previously closed at GBX 48 ($0.60).

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on VANQ. Barclays reduced their price target on Vanquis Banking Group from GBX 190 ($2.37) to GBX 140 ($1.74) and set an “overweight” rating on the stock in a research note on Tuesday, March 12th. Shore Capital reissued a “house stock” rating on shares of Vanquis Banking Group in a research note on Wednesday, March 27th.

Vanquis Banking Group Stock Performance

The company has a market cap of £124.65 million, a PE ratio of -2,430.00 and a beta of 1.36. The business has a 50 day simple moving average of GBX 80.67 and a two-hundred day simple moving average of GBX 105.01.

Vanquis Banking Group Cuts Dividend

The company also recently announced a dividend, which will be paid on Thursday, May 30th. Investors of record on Thursday, April 18th will be given a GBX 1 ($0.01) dividend. This represents a dividend yield of 1.95%. The ex-dividend date of this dividend is Thursday, April 18th. 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.