Deutsche Bank Reiterates Hold Rating for Virgin Money (VM)

Virgin Money (LON:VM)‘s stock had its “hold” rating restated by research analysts at Deutsche Bank in a report released on Monday. They presently have a GBX 305 ($4.28) price target on the stock. Deutsche Bank’s price objective indicates a potential upside of 10.56% from the company’s previous close.

Several other research firms also recently weighed in on VM. Numis Securities restated a “hold” rating and set a GBX 290 ($4.07) price target on shares of Virgin Money in a research report on Wednesday, October 18th. Barclays reaffirmed an “overweight” rating and set a GBX 360 ($5.06) price objective on shares of Virgin Money in a research note on Wednesday, October 18th. Shore Capital reaffirmed a “buy” rating on shares of Virgin Money in a research note on Thursday, November 2nd. Jefferies Group reaffirmed a “buy” rating and set a GBX 430 ($6.04) price objective on shares of Virgin Money in a research note on Monday, November 6th. Finally, Investec reaffirmed a “buy” rating and set a GBX 395 ($5.55) price objective on shares of Virgin Money in a research note on Tuesday, October 17th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of GBX 348.33 ($4.89).

Virgin Money (LON:VM) traded down GBX 1.52 ($0.02) on Monday, hitting GBX 275.88 ($3.87). 1,120,000 shares of the company traded hands, compared to its average volume of 1,090,000. Virgin Money has a 52-week low of GBX 250.20 ($3.51) and a 52-week high of GBX 353.30 ($4.96). The firm has a market cap of $1,230.00 and a P/E ratio of 836.00.

In other news, insider Mark Parker sold 83,200 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of GBX 275 ($3.86), for a total value of £228,800 ($321,303.19).

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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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