Brokerages Set Virgin Money Holdings PLC (VM) Price Target at $337.50

Shares of Virgin Money Holdings PLC (LON:VM) have been assigned a consensus rating of “Buy” from the sixteen research firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is GBX 337.50 ($4.66).

A number of equities research analysts have recently weighed in on VM shares. Deutsche Bank reiterated a “hold” rating and issued a GBX 305 ($4.21) price target on shares of Virgin Money in a research report on Monday, February 5th. Citigroup reiterated a “buy” rating and issued a GBX 350 ($4.84) price target (down from GBX 370 ($5.11)) on shares of Virgin Money in a research report on Tuesday, November 14th. Shore Capital reiterated a “buy” rating on shares of Virgin Money in a research report on Tuesday, January 30th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 400 ($5.53) price target on shares of Virgin Money in a research report on Friday, November 17th. Finally, Berenberg Bank reiterated a “hold” rating and issued a GBX 300 ($4.14) price target on shares of Virgin Money in a research report on Wednesday, January 17th.

Virgin Money (LON:VM) traded down GBX 4.20 ($0.06) during midday trading on Tuesday, hitting GBX 265.40 ($3.67). 855,369 shares of the stock were exchanged, compared to its average volume of 1,430,000. Virgin Money has a 52 week low of GBX 250.20 ($3.46) and a 52 week high of GBX 347.20 ($4.80). The firm has a market capitalization of $1,180.00 and a P/E ratio of 804.24.

In other Virgin Money news, insider Mark Parker sold 83,200 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of GBX 275 ($3.80), for a total transaction 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.

Analyst Recommendations for Virgin Money (LON:VM)

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