Virgin Money (VM) Price Target Cut to GBX 370

Virgin Money (LON:VM) had its target price cut by BNP Paribas from GBX 400 ($5.61) to GBX 370 ($5.19) in a report released on Thursday. The firm currently has an “outperform” rating on the stock. BNP Paribas’ target price suggests a potential upside of 42.64% from the company’s current price.

Other analysts have also recently issued reports about the company. Deutsche Bank started coverage on Virgin Money in a report on Wednesday, January 10th. They set a “hold” rating and a GBX 305 ($4.28) price objective on the stock. Citigroup reaffirmed a “buy” rating on shares of Virgin Money in a report on Wednesday, January 10th. Shore Capital reaffirmed a “buy” rating on shares of Virgin Money in a report on Tuesday, January 30th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 300 ($4.21) price objective on shares of Virgin Money in a report on Wednesday, January 17th. Finally, Royal Bank of Canada cut Virgin Money to an “underperform” rating and decreased their price objective for the stock from GBX 350 ($4.91) to GBX 250 ($3.51) in a report on Wednesday, February 14th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of GBX 331.79 ($4.66).

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LON VM opened at GBX 259.40 ($3.64) on Thursday. Virgin Money has a 12 month low of GBX 250.20 ($3.51) and a 12 month high of GBX 339.60 ($4.77).

In other news, insider Jayne-Anne Gadhia sold 83,004 shares of the business’s stock in a transaction that occurred on Thursday, March 22nd. The stock was sold at an average price of GBX 262 ($3.68), for a total transaction of £217,470.48 ($305,264.57). Also, insider Mark Parker sold 42,436 shares of the business’s stock in a transaction that occurred on Wednesday, March 28th. The shares were sold at an average price of GBX 259 ($3.64), for a total value of £109,909.24 ($154,280.24).

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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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