Virgin Money Holdings (UK) PLC’s (VM) Neutral Rating Reaffirmed at Credit Suisse Group AG
Virgin Money Holdings (UK) PLC (LON:VM)‘s stock had its “neutral” rating restated by research analysts at Credit Suisse Group AG in a research note issued to investors on Tuesday. They presently have a GBX 275 ($3.59) target price on the stock. Credit Suisse Group AG’s price objective indicates a potential downside of 13.17% from the company’s previous close.
A number of other research firms also recently weighed in on VM. Goldman Sachs Group Inc. reaffirmed a “neutral” rating and set a GBX 450 ($5.87) price target on shares of Virgin Money Holdings (UK) PLC in a research note on Wednesday, June 1st. Investec raised their price target on Virgin Money Holdings (UK) PLC from GBX 420 ($5.48) to GBX 425 ($5.55) and gave the stock a “buy” rating in a research note on Wednesday, March 30th. Shore Capital reaffirmed a “buy” rating on shares of Virgin Money Holdings (UK) PLC in a research note on Wednesday, May 4th. Numis Securities Ltd reaffirmed a “buy” rating and set a GBX 490 ($6.40) price target on shares of Virgin Money Holdings (UK) PLC in a research note on Wednesday, May 4th. Finally, Barclays PLC reaffirmed an “overweight” rating and set a GBX 450 ($5.87) price target on shares of Virgin Money Holdings (UK) PLC in a research note on Friday, April 22nd. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Virgin Money Holdings (UK) PLC has a consensus rating of “Buy” and a consensus target price of GBX 370.25 ($4.83).
Shares of Virgin Money Holdings (LON:VM) traded down 2.8528% during trading on Tuesday, reaching GBX 315.3868. The company had a trading volume of 1,224,663 shares. Virgin Money Holdings has a 12 month low of GBX 196.10 and a 12 month high of GBX 419.80. The firm’s market capitalization is GBX 1.40 billion. The stock has a 50 day moving average price of GBX 306.51 and a 200 day moving average price of GBX 312.38.
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In other news, insider Mark Parker sold 67,184 shares of the stock in a transaction that occurred on Wednesday, October 5th. The stock was sold at an average price of GBX 325 ($4.24), for a total value of £218,348 ($285,012.40).
Virgin Money Holdings (UK) PLC Company Profile
Virgin Money Holdings (UK) plc is a United Kingdom-based retail-only bank. The Company is focused on providing residential mortgages, savings and credit cards. The Company also offers a range of investment and insurance products. Its segments include Mortgages and savings; Credit cards; Current accounts, insurance and investments, and Central functions.
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