Barclays PLC Cuts Virgin Money Holdings PLC (VM) Price Target to GBX 360
Virgin Money Holdings PLC (LON:VM) had its target price lowered by equities research analysts at Barclays PLC from GBX 380 ($4.95) to GBX 360 ($4.69) in a research note issued to investors on Wednesday, July 26th. The firm currently has an “overweight” rating on the stock. Barclays PLC’s target price points to a potential upside of 22.12% from the stock’s current price.
Several other equities analysts also recently commented on the company. Investec reaffirmed a “buy” rating and issued a GBX 390 ($5.08) price objective on shares of Virgin Money Holdings PLC in a research report on Tuesday, July 25th. Numis Securities Ltd reiterated a “hold” rating and issued a GBX 290 ($3.78) target price on shares of Virgin Money Holdings PLC in a report on Tuesday, July 25th. Citigroup Inc. reiterated a “buy” rating and issued a GBX 370 ($4.82) target price on shares of Virgin Money Holdings PLC in a report on Friday, July 21st. Jefferies Group LLC reiterated a “buy” rating and issued a GBX 430 ($5.60) target price on shares of Virgin Money Holdings PLC in a report on Wednesday, July 5th. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a GBX 345 ($4.49) target price on shares of Virgin Money Holdings PLC in a report on Friday, June 30th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of GBX 368 ($4.79).
Shares of Virgin Money Holdings PLC (VM) opened at 294.20 on Wednesday. The company has a 50-day moving average price of GBX 287.52 and a 200-day moving average price of GBX 306.95. The stock’s market cap is GBX 1.30 billion. Virgin Money Holdings PLC has a 52 week low of GBX 257.50 and a 52 week high of GBX 353.30.
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In related news, insider Peter Bole sold 12,541 shares of the firm’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of GBX 299 ($3.89), for a total transaction of £37,497.59 ($48,831.35). Also, insider Jayne-Anne Gadhia sold 610,000 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of GBX 302 ($3.93), for a total value of £1,842,200 ($2,399,010.29). Insiders sold 719,641 shares of company stock worth $217,606,559 over the last three months.
About Virgin Money Holdings PLC
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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