A number of other equities analysts have also recently weighed in on the stock. BNP Paribas lowered their price target on shares of Virgin Money UK from GBX 400 ($5.73) to GBX 370 ($5.30) and set an outperform rating on the stock in a research note on Thursday, April 5th. Deutsche Bank reiterated a hold rating on shares of Virgin Money UK in a research report on Wednesday, April 4th. Citigroup reiterated a buy rating and issued a GBX 350 ($5.01) price objective on shares of Virgin Money UK in a research report on Wednesday, March 21st. Credit Suisse Group reiterated a neutral rating and issued a GBX 305 ($4.37) price objective on shares of Virgin Money UK in a research report on Monday, March 19th. Finally, JPMorgan Chase reiterated an overweight rating and issued a GBX 400 ($5.73) price objective on shares of Virgin Money UK in a research report on Friday, March 16th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company. Virgin Money UK currently has a consensus rating of Hold and an average price target of GBX 331.67 ($4.75).
Shares of VM opened at GBX 280.55 ($4.02) on Friday. Virgin Money UK has a one year low of GBX 250.20 ($3.58) and a one year high of GBX 339.60 ($4.86).
The company also recently announced a dividend, which will be paid on Wednesday, May 16th. Shareholders of record on Thursday, April 5th will be issued a GBX 4.10 ($0.06) dividend. This represents a yield of 1.49%. This is a positive change from Virgin Money UK’s previous dividend of $1.90. The ex-dividend date is Thursday, April 5th.
In other news, insider Mark Parker sold 42,436 shares of the stock in a transaction dated Wednesday, March 28th. The shares were sold at an average price of GBX 259 ($3.71), for a total transaction of £109,909.24 ($157,372.91). Also, insider Jayne-Anne Gadhia sold 83,004 shares of the stock in a transaction dated Thursday, March 22nd. The stock was sold at an average price of GBX 262 ($3.75), for a total transaction of £217,470.48 ($311,383.85).
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Virgin Money UK Company Profile
Virgin Money Holdings (UK) plc engages in the retail banking business primarily in the United Kingdom. The company offers current accounts; savings accounts, including cash individual savings accounts (ISAs), easy access accounts, fixed term accounts, limited access accounts, and children's accounts; first time buyer, buy-to-let, remortgaging, and moving home mortgages; balance and money transfer, purchase, and other credit cards, as well as money prepaid cards; life, pet, travel, and home insurance; and personal, children, and workplace pensions, as well as other pensions and retirement products.
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