A number of other equities research analysts have also recently commented on the stock. Shore Capital reaffirmed a buy rating on shares of Virgin Money in a report on Friday, December 8th. Credit Suisse Group cut shares of Virgin Money to a neutral rating and lowered their target price for the company from GBX 330 ($4.48) to GBX 305 ($4.14) in a report on Thursday, December 7th. JPMorgan Chase & Co. reissued an overweight rating and set a GBX 400 ($5.42) target price on shares of Virgin Money in a report on Friday, November 17th. Barclays lowered their target price on shares of Virgin Money from GBX 360 ($4.88) to GBX 320 ($4.34) and set an overweight rating on the stock in a report on Friday, November 17th. Finally, Jefferies Group lowered their target price on shares of Virgin Money from GBX 430 ($5.83) to GBX 360 ($4.88) and set a buy rating on the stock in a report on Friday, November 17th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of GBX 348.33 ($4.72).
Shares of Virgin Money (LON:VM) opened at GBX 293 ($3.97) on Wednesday. The company has a market cap of $1,300.00 and a P/E ratio of 887.88. Virgin Money has a 1-year low of GBX 250.20 ($3.39) and a 1-year high of GBX 353.30 ($4.79).
In other news, insider Mark Parker sold 83,200 shares of the company’s stock in a transaction on 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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