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.
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