Virgin Money (LON:VM)‘s stock had its “overweight” rating restated by equities researchers at JPMorgan Chase in a research report issued on Friday, March 16th. They currently have a GBX 400 ($5.61) price objective on the stock. JPMorgan Chase’s target price points to a potential upside of 54.20% from the company’s previous close.
VM has been the topic of several other research reports. Citigroup reiterated a “buy” rating on shares of Virgin Money in a research report on Monday, February 12th. Deutsche Bank assumed coverage on shares of Virgin Money in a research report on Wednesday, January 10th. They issued a “hold” rating and a GBX 305 ($4.28) target price on the stock. Shore Capital restated a “buy” rating on shares of Virgin Money in a research report on Wednesday, November 22nd. Royal Bank of Canada lowered shares of Virgin Money to an “underperform” rating and lowered their price target for the stock from GBX 350 ($4.91) to GBX 250 ($3.51) in a research report on Wednesday, February 14th. Finally, Jefferies Group lowered their price target on shares of Virgin Money from GBX 430 ($6.04) to GBX 360 ($5.05) and set a “buy” rating on the stock in a research report on Friday, November 17th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 331.79 ($4.66).
Shares of LON VM traded down GBX 5.30 ($0.07) during trading on Friday, hitting GBX 259.40 ($3.64). The company had a trading volume of 2,381,246 shares, compared to its average volume of 2,060,000. Virgin Money has a fifty-two week low of GBX 250.20 ($3.51) and a fifty-two week high of GBX 339.60 ($4.77).
In other news, 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). Also, insider Jayne-Anne Gadhia sold 83,004 shares of the business’s stock in a transaction that occurred on Thursday, March 22nd. The shares were sold at an average price of GBX 262 ($3.68), for a total transaction of £217,470.48 ($305,264.57).
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Virgin Money Company Profile
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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