Virgin Money UK (LON:VMUK) Receives Buy Rating from Shore Capital

Shore Capital reiterated their buy rating on shares of Virgin Money UK (LON:VMUKGet Rating) in a report released on Monday, Marketbeat Ratings reports.

Several other equities analysts also recently issued reports on the company. JPMorgan Chase & Co. reduced their price objective on Virgin Money UK from GBX 200 ($2.36) to GBX 165 ($1.95) and set a neutral rating for the company in a research report on Wednesday, October 12th. Deutsche Bank Aktiengesellschaft reaffirmed a buy rating and issued a GBX 230 ($2.72) price target on shares of Virgin Money UK in a report on Wednesday, August 3rd. Royal Bank of Canada reaffirmed a sector perform rating and issued a GBX 200 ($2.36) price target on shares of Virgin Money UK in a report on Thursday, August 4th. Barclays reaffirmed an overweight rating and issued a GBX 220 ($2.60) price target on shares of Virgin Money UK in a report on Thursday, October 20th. Finally, Berenberg Bank raised Virgin Money UK to a hold rating and set a GBX 170 ($2.01) price target on the stock in a report on Monday, September 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of Hold and a consensus price target of GBX 210 ($2.48).

Virgin Money UK Stock Up 2.8 %

Shares of VMUK stock opened at GBX 171.30 ($2.03) on Monday. The business has a 50 day moving average of GBX 137.67 and a two-hundred day moving average of GBX 141.48. Virgin Money UK has a 52 week low of GBX 1.46 ($0.02) and a 52 week high of GBX 218.70 ($2.59). The company has a market cap of £2.39 billion and a P/E ratio of 390.45.

Virgin Money UK Increases Dividend

The company also recently announced a dividend, which will be paid on Wednesday, March 15th. Shareholders of record on Thursday, February 9th will be paid a dividend of GBX 7.50 ($0.09) per share. This is an increase from Virgin Money UK’s previous dividend of $2.50. This represents a yield of 4.62%. The ex-dividend date is Thursday, February 9th. Virgin Money UK’s payout ratio is 2.27%.

About Virgin Money UK

(Get Rating)

Virgin Money UK PLC provides banking products and services for consumers, and small and medium sized businesses under the Clydesdale Bank, Yorkshire Bank, and Virgin Money brands in the United Kingdom. The company offers savings and current accounts, mortgages, credit cards, and home loans; business loans, overdraft facilities, treasury solutions, and corporate and structured finance; asset finance and wealth referral services; risk management; international trade services; currency services, pensions, and investments and protection products; and home, car, travel, and life and critical illness insurance products.

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Analyst Recommendations for Virgin Money UK (LON:VMUK)

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