Deutsche Bank Begins Coverage on Virgin Money (VM)

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.

Analyst Recommendations for Virgin Money (LON:VM)

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