Deutsche Bank Initiates Coverage on Virgin Money (VM)

Analysts at Deutsche Bank started coverage on shares of Virgin Money (LON:VM) in a research note issued to investors on Wednesday. The firm set a “hold” rating and a GBX 305 ($4.14) price target on the stock. Deutsche Bank’s price objective indicates a potential upside of 3.88% from the stock’s previous close.

VM has been the topic of several other reports. Shore Capital reissued a “buy” rating on shares of Virgin Money in a research note on Thursday, November 16th. Barclays cut their target price on shares of Virgin Money from GBX 360 ($4.88) to GBX 320 ($4.34) and set an “overweight” rating on the stock in a research note on Friday, November 17th. Citigroup reissued a “buy” rating on shares of Virgin Money in a research note on Wednesday. Credit Suisse Group lowered shares of Virgin Money to a “neutral” rating and cut their target price for the stock from GBX 330 ($4.48) to GBX 305 ($4.14) in a research note on Thursday, December 7th. Finally, Investec reissued a “buy” rating and set a GBX 395 ($5.36) target price on shares of Virgin Money in a research note on Tuesday, October 17th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of GBX 348.33 ($4.72).

Shares of Virgin Money (LON VM) opened at GBX 293.62 ($3.98) on Wednesday. Virgin Money has a 12 month low of GBX 250.20 ($3.39) and a 12 month high of GBX 353.30 ($4.79). The company has a market cap of $1,290.00 and a price-to-earnings ratio of 889.76.

In other Virgin Money news, insider Mark Parker sold 83,200 shares of the firm’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of GBX 275 ($3.73), for a total value of £228,800 ($310,279.36).

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About Virgin Money

Virgin Money Holdings (UK) plc is a United Kingdom-based retail bank. The Company is engaged in the business of residential mortgages, savings and credit cards. The Company provides residential and buy-to-let mortgages and credit cards to customers across the United Kingdom. Mortgages are sold primarily through its intermediary partners and retail deposits are originated directly through its digital channel.

Analyst Recommendations for Virgin Money (LON:VM)

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