Credit Suisse Group reaffirmed their neutral rating on shares of Virgin Money (LON:VM) in a research report released on Thursday morning. Credit Suisse Group currently has a GBX 305 ($4.21) target price on the stock.
Several other research analysts have also weighed in on the company. Royal Bank of Canada lowered Virgin Money to an underperform rating and lowered their price objective for the stock from GBX 350 ($4.84) to GBX 250 ($3.45) in a research report on Wednesday, February 14th. Citigroup reissued a buy rating on shares of Virgin Money in a research report on Monday, February 12th. Deutsche Bank reissued a hold rating and issued a GBX 305 ($4.21) price objective on shares of Virgin Money in a research report on Monday, February 5th. Shore Capital reissued a buy rating on shares of Virgin Money in a research report on Tuesday, January 30th. Finally, Berenberg Bank reissued a hold rating and issued a GBX 300 ($4.14) price objective on shares of Virgin Money in a research report on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company’s stock. Virgin Money has an average rating of Buy and a consensus target price of GBX 338.33 ($4.67).
Virgin Money (VM) opened at GBX 260.90 ($3.60) on Thursday. Virgin Money has a 12-month low of GBX 250.20 ($3.46) and a 12-month high of GBX 350 ($4.84). The firm has a market capitalization of $1,160.00 and a PE ratio of 790.61.
In related news, insider Mark Parker sold 83,200 shares of the business’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of GBX 275 ($3.80), for a total value of £228,800 ($316,109.42).
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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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