Virgin Money’s (VM) “Hold” Rating Reiterated at Deutsche Bank

Virgin Money (LON:VM)‘s stock had its “hold” rating reaffirmed by stock analysts at Deutsche Bank in a report issued on Friday. They currently have a GBX 305 ($4.14) price objective on the stock. Deutsche Bank’s price target points to a potential upside of 6.61% from the stock’s previous close.

Other analysts have also issued reports about the company. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 300 ($4.07) target price on shares of Virgin Money in a research report on Wednesday, January 17th. Citigroup reaffirmed a “buy” rating on shares of Virgin Money in a research report on Wednesday, January 10th. Shore Capital reaffirmed a “buy” rating on shares of Virgin Money in a research report on Friday, December 8th. Credit Suisse Group lowered Virgin Money to a “neutral” rating and decreased their target price for the company from GBX 330 ($4.48) to GBX 305 ($4.14) in a research report on Thursday, December 7th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 400 ($5.42) target price on shares of Virgin Money in a research report on Friday, November 17th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of GBX 348.33 ($4.72).

Shares of Virgin Money (VM) traded up GBX 0.60 ($0.01) during trading hours on Friday, hitting GBX 286.10 ($3.88). The stock had a trading volume of 1,129,752 shares, compared to its average volume of 1,100,000. The firm has a market cap of $1,270.00 and a P/E ratio of 866.97. Virgin Money has a 12 month low of GBX 250.20 ($3.39) and a 12 month high of GBX 353.30 ($4.79).

In other Virgin Money news, insider Mark Parker sold 83,200 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of GBX 275 ($3.73), for a total transaction of £228,800 ($310,279.36).

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About Virgin Money

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.

Analyst Recommendations for Virgin Money (LON:VM)

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