Deutsche Bank initiated coverage on shares of Virgin Money (LON:VM) in a research report report published on Wednesday morning. The brokerage issued a hold rating and a GBX 305 ($4.14) target price on the stock.
A number of other research analysts have also weighed in on VM. JPMorgan Chase & Co. reissued an overweight rating and set a GBX 400 ($5.42) target price on shares of Virgin Money in a research report on Tuesday, September 19th. Barclays reaffirmed an overweight rating and set a GBX 360 ($4.88) price objective on shares of Virgin Money in a research report on Thursday, October 5th. Macquarie cut their price objective on shares of Virgin Money from GBX 377 ($5.11) to GBX 325 ($4.41) and set an outperform rating for the company in a research report on Thursday, October 12th. Citigroup reaffirmed a buy rating and set a GBX 370 ($5.02) price objective on shares of Virgin Money in a research report on Monday, October 16th. Finally, Shore Capital reaffirmed a buy rating on shares of Virgin Money in a research report on Tuesday, October 17th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of GBX 348.33 ($4.72).
Virgin Money (VM) opened at GBX 293 ($3.97) on Wednesday. The firm has a market cap of $1,300.00 and a price-to-earnings ratio of 887.88. Virgin Money has a 52-week low of GBX 250.20 ($3.39) and a 52-week high of GBX 353.30 ($4.79).
In related news, insider Mark Parker sold 83,200 shares of the company’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of GBX 275 ($3.73), for a total value of £228,800 ($310,279.36).
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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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