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

Vanquis Banking Group plc (LON:VANQ)’s share price rose 1.4% during trading on Wednesday . The company traded as high as GBX 49.55 ($0.62) and last traded at GBX 48.65 ($0.61). Approximately 381,661 shares traded hands during 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).

Analyst Ratings Changes

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

Vanquis Banking Group Price Performance

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

Vanquis Banking Group Cuts Dividend

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

About Vanquis Banking Group

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.