Virgin Money Holdings PLC (VM) PT Lowered to GBX 400 at Royal Bank Of Canada
Virgin Money Holdings PLC (LON:VM) had its price target cut by Royal Bank Of Canada from GBX 430 ($5.55) to GBX 400 ($5.17) in a research report report published on Monday. They currently have an outperform rating on the stock.
Several other brokerages also recently issued reports on VM. Citigroup Inc. reissued a buy rating and set a GBX 370 ($4.78) price objective on shares of Virgin Money Holdings PLC in a research report on Friday, July 21st. Barclays PLC reissued an overweight rating and set a GBX 380 ($4.91) price objective on shares of Virgin Money Holdings PLC in a research report on Friday, May 19th. Investec restated a buy rating and issued a GBX 390 ($5.04) target price on shares of Virgin Money Holdings PLC in a research note on Tuesday, July 25th. Numis Securities Ltd restated a hold rating and issued a GBX 290 ($3.75) target price on shares of Virgin Money Holdings PLC in a research note on Tuesday, July 25th. Finally, Credit Suisse Group upgraded shares of Virgin Money Holdings PLC to an outperform rating and set a GBX 345 ($4.46) target price for the company in a research note on Wednesday, May 17th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Virgin Money Holdings PLC has a consensus rating of Buy and a consensus price target of GBX 365.86 ($4.73).
Virgin Money Holdings PLC (LON VM) opened at 261.00 on Monday. The company’s 50-day moving average is GBX 280.48 and its 200-day moving average is GBX 299.33. The firm’s market capitalization is GBX 1.15 billion. Virgin Money Holdings PLC has a 52-week low of GBX 256.70 and a 52-week high of GBX 353.30.
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The business also recently disclosed a dividend, which will be paid on Friday, September 22nd. Investors of record on Thursday, August 10th will be paid a GBX 1.90 ($0.02) dividend. This represents a dividend yield of 0.68%. The ex-dividend date is Thursday, August 10th.
In related news, insider Mark Parker sold 14,083 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of GBX 285 ($3.68), for a total value of £40,136.55 ($51,835.92). Also, insider Jayne-Anne Gadhia acquired 35,365 shares of Virgin Money Holdings PLC stock in a transaction that occurred on Tuesday, July 25th. The stock was bought at an average price of GBX 281 ($3.63) per share, with a total value of £99,375.65 ($128,342.57).
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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