Virgin Money (VM) Given Buy Rating at Citigroup

Citigroup restated their buy rating on shares of Virgin Money (LON:VM) in a research report sent to investors on Wednesday, January 10th.

Several other equities analysts have also recently weighed in on VM. Shore Capital reaffirmed a buy rating on shares of Virgin Money in a research note on Friday, December 8th. Credit Suisse Group lowered Virgin Money to a neutral rating and lowered their target price for the stock from GBX 330 ($4.63) to GBX 305 ($4.28) in a report on Thursday, December 7th. JPMorgan Chase & Co. restated an overweight rating and set a GBX 400 ($5.62) target price on shares of Virgin Money in a report on Friday, November 17th. Barclays decreased their price objective on Virgin Money from GBX 360 ($5.06) to GBX 320 ($4.49) and set an overweight rating for the company in a report on Friday, November 17th. Finally, Jefferies Group decreased their price objective on Virgin Money from GBX 430 ($6.04) to GBX 360 ($5.06) and set a buy rating for the company in a report on Friday, November 17th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Virgin Money has a consensus rating of Buy and a consensus target price of GBX 348.33 ($4.89).

Virgin Money (VM) traded down GBX 1.50 ($0.02) during midday trading on Wednesday, reaching GBX 277.40 ($3.90). The company had a trading volume of 1,133,986 shares, compared to its average volume of 1,100,000. Virgin Money has a twelve month low of GBX 250.20 ($3.51) and a twelve month high of GBX 353.30 ($4.96). The company has a market cap of $1,240.00 and a PE ratio of 840.61.

In other Virgin Money news, insider Mark Parker sold 83,200 shares of the stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of GBX 275 ($3.86), for a total transaction of £228,800 ($321,303.19).

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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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