Virgin Money Holdings PLC’s (VM) Overweight Rating Reaffirmed at Barclays PLC
Barclays PLC restated their overweight rating on shares of Virgin Money Holdings PLC (LON:VM) in a report published on Thursday morning. They currently have a GBX 360 ($4.78) target price on the stock.
Other research analysts have also issued research reports about the company. Numis Securities Ltd restated a hold rating and issued a GBX 290 ($3.85) target price on shares of Virgin Money Holdings PLC in a report on Tuesday, July 25th. Jefferies Group LLC restated a buy rating and issued a GBX 430 ($5.70) target price on shares of Virgin Money Holdings PLC in a report on Tuesday, September 5th. Goldman Sachs Group, Inc. (The) restated a neutral rating and issued a GBX 370 ($4.91) target price on shares of Virgin Money Holdings PLC in a report on Monday, June 12th. Investec restated a buy rating and issued a GBX 390 ($5.17) target price on shares of Virgin Money Holdings PLC in a report on Tuesday, July 25th. Finally, Credit Suisse Group AG dropped their target price on Virgin Money Holdings PLC from GBX 345 ($4.58) to GBX 330 ($4.38) and set an outperform rating on the stock in a report on Monday, August 7th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock has an average rating of Buy and an average price target of GBX 365.86 ($4.85).
Virgin Money Holdings PLC (LON VM) traded down 1.72% on Thursday, hitting GBX 273.70. The company’s stock had a trading volume of 876,520 shares. The stock’s market cap is GBX 1.21 billion. The firm has a 50 day moving average of GBX 270.03 and a 200-day moving average of GBX 290.28. Virgin Money Holdings PLC has a 12 month low of GBX 256.20 and a 12 month high of GBX 353.30.
The company also recently announced a dividend, which was paid on Friday, September 22nd. Shareholders of record on Thursday, August 10th were given a GBX 1.90 ($0.03) dividend. This represents a yield of 0.68%. The ex-dividend date of this dividend was Thursday, August 10th.
In other news, insider Jayne-Anne Gadhia bought 35,365 shares of the firm’s stock in a transaction on Tuesday, July 25th. The stock was acquired at an average cost of GBX 281 ($3.73) per share, with a total value of £99,375.65 ($131,815.43). Also, insider Mark Parker sold 14,083 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of GBX 285 ($3.78), for a total value of £40,136.55 ($53,238.56).
Virgin Money Holdings PLC 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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