Virgin Money (LON:VM) Stock Rating Reaffirmed by JPMorgan Chase

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).

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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.

Analyst Recommendations for Virgin Money (LON:VM)

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