Vanquis Banking Group’s (VANQ) House Stock Rating Reaffirmed at Shore Capital

Shore Capital reiterated their house stock rating on shares of Vanquis Banking Group (LON:VANQ) in a research note released on Wednesday, Marketbeat.com reports.

Separately, Barclays reduced their price objective on shares of Vanquis Banking Group from GBX 190 ($2.40) to GBX 140 ($1.77) and set an overweight rating for the company in a research note on Tuesday, March 12th.

Vanquis Banking Group Stock Performance

LON:VANQ opened at GBX 55.80 ($0.71) on Wednesday. The firm has a market cap of £143.12 million, a P/E ratio of 348.75 and a beta of 1.45. Vanquis Banking Group has a fifty-two week low of GBX 43.15 ($0.55) and a fifty-two week high of GBX 243.20 ($3.07). The firm has a 50-day simple moving average of GBX 103.21 and a two-hundred day simple moving average of GBX 113.56.

Vanquis Banking Group Cuts Dividend

The business also recently declared a dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, April 18th will be paid a GBX 1 ($0.01) dividend. The ex-dividend date is Thursday, April 18th. This represents a dividend yield of 1.95%. Vanquis Banking Group’s dividend payout ratio is presently 9,375.00%.

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.