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Virgin Australia Holdings Ltd (ASX:VAH) was downgraded by research analysts at Bell Potter from a “buy” rating to a “hold” rating in a report released on Monday, ARN reports.

Shares of Virgin Australia Holdings Ltd (ASX:VAH) remained flat at A$0.335 during trading on Monday. 1,213,065 shares of the company’s stock traded hands. Virgin Australia Holdings Ltd has a 52 week low of A$0.280 and a 52 week high of A$0.480. The stock has a 50-day moving average of A$0.36 and a 200-day moving average of A$0.40.

Separately, analysts at CIMB reiterated a “reduce” rating on shares of Virgin Australia Holdings Ltd in a research note to investors on Thursday. They now have a $0.27 price target on the stock. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The company currently has a consensus rating of “Hold” and an average target price of A$66.76 ($59.60).

Virgin Australia Holdings Limited (ASX:VAH) is an Australia-based company engaged in the development and operation of domestic and international airlines.

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