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.
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