Virgin Money UK (LON:VMUK) Sets New 52-Week Low at $136.15

Virgin Money UK PLC (LON:VMUK – Get Rating)’s share price reached a new 52-week low during trading on Friday . The company traded as low as GBX 136.15 ($1.71) and last traded at GBX 137.31 ($1.72), with a volume of 2012560 shares. The stock had previously closed at GBX 140.85 ($1.77).

Several brokerages recently issued reports on VMUK. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Virgin Money UK from GBX 245 ($3.07) to GBX 230 ($2.88) and set a “buy” rating for the company in a report on Monday, May 30th. Shore Capital reissued a “buy” rating on shares of Virgin Money UK in a report on Thursday, May 19th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a GBX 200 ($2.51) target price on shares of Virgin Money UK in a report on Thursday, March 24th. Morgan Stanley reissued an “underweight” rating on shares of Virgin Money UK in a report on Thursday, April 14th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Virgin Money UK from GBX 200 ($2.51) to GBX 180 ($2.26) and set a “neutral” rating on the stock in a research note on Tuesday, May 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of GBX 226.44 ($2.84).

The stock’s 50-day moving average price is GBX 159.08 and its 200 day moving average price is GBX 174.07. The firm has a market capitalization of £1.96 billion and a price-to-earnings ratio of 3.56.

The business also recently declared a dividend, which will be paid on Tuesday, June 21st. Stockholders of record on Thursday, May 19th will be given a GBX 2.50 ($0.03) dividend. The ex-dividend date is Thursday, May 19th. This is a positive change from Virgin Money UK’s previous dividend of $1.00. This represents a dividend yield of 1.41%. Virgin Money UK’s dividend payout ratio is 0.03%.

Virgin Money UK Company Profile (LON:VMUK)

Virgin Money UK PLC provides banking products and services for consumers, and small and medium sized businesses under the Clydesdale Bank, Yorkshire Bank, and Virgin Money brands in the United Kingdom. The company offers savings and current accounts, mortgages, credit cards, and home loans; business loans, overdraft facilities, treasury solutions, and corporate and structured finance; asset finance and wealth referral services; risk management; international trade services; currency services, pensions, and investments and protection products; and home, car, travel, and life and critical illness insurance products.

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