Virgin Money Holdings (UK) PLC’s (VM) “Buy” Rating Reaffirmed at Jefferies Group
Virgin Money Holdings (UK) PLC (LON:VM)‘s stock had its “buy” rating reaffirmed by research analysts at Jefferies Group in a note issued to investors on Friday. They presently have a GBX 400 ($4.95) price objective on the stock. Jefferies Group’s price objective suggests a potential upside of 29.07% from the company’s previous close.
Several other equities analysts also recently commented on VM. Shore Capital restated a “buy” rating on shares of Virgin Money Holdings (UK) PLC in a research note on Tuesday, July 26th. Macquarie restated an “outperform” rating and issued a GBX 343 ($4.25) price target on shares of Virgin Money Holdings (UK) PLC in a research note on Friday, August 5th. Berenberg Bank decreased their price target on shares of Virgin Money Holdings (UK) PLC from GBX 400 ($4.95) to GBX 300 ($3.71) and set a “hold” rating on the stock in a research note on Thursday, September 1st. Numis Securities Ltd restated a “buy” rating and issued a GBX 370 ($4.58) price target on shares of Virgin Money Holdings (UK) PLC in a research note on Wednesday, September 28th. Finally, Investec reduced their price objective on shares of Virgin Money Holdings (UK) PLC from GBX 430 ($5.32) to GBX 360 ($4.46) and set a “buy” rating on the stock in a research note on Thursday, July 21st. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of GBX 370.25 ($4.58).
Virgin Money Holdings (LON:VM) opened at 310.30 on Friday. Virgin Money Holdings has a 52 week low of GBX 196.10 and a 52 week high of GBX 419.80. The company’s market capitalization is GBX 1.37 billion. The firm has a 50 day moving average of GBX 309.14 and a 200-day moving average of GBX 310.91.
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In related news, insider Mark Parker sold 67,184 shares of the firm’s stock in a transaction that occurred on Wednesday, October 5th. The shares were sold at an average price of GBX 325 ($4.02), for a total value of £218,348 ($270,232.67).
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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