Berenberg Bank Has Lowered Expectations for Vanquis Banking Group (LON:VANQ) Stock Price

Vanquis Banking Group (LON:VANQ) had its price objective decreased by investment analysts at Berenberg Bank from GBX 165 to GBX 145 in a report released on Thursday,Digital Look reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price target suggests a potential upside of 71.60% from the stock’s previous close.

Separately, Shore Capital Group reissued a “buy” rating on shares of Vanquis Banking Group in a research report on Wednesday, May 6th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of GBX 142.50.

Vanquis Banking Group Trading Down 26.6%

Shares of VANQ opened at GBX 84.50 on Thursday. Vanquis Banking Group has a 12 month low of GBX 82 and a 12 month high of GBX 132. The firm’s 50 day moving average is GBX 113.80 and its 200-day moving average is GBX 115.13. The stock has a market capitalization of £211.53 million, a PE ratio of 27.26 and a beta of 1.23.

Vanquis Banking Group Company Profile

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/