Barclays PLC Cuts Virgin Money Holdings PLC (VM) Price Target to GBX 360
Virgin Money Holdings PLC (LON:VM) had its target price decreased by Barclays PLC from GBX 380 ($4.95) to GBX 360 ($4.69) in a report released on Wednesday. Barclays PLC currently has an overweight rating on the stock.
A number of other research firms have also commented on VM. Shore Capital reiterated a buy rating on shares of Virgin Money Holdings PLC in a research note on Tuesday, April 25th. Numis Securities Ltd reiterated an add rating and issued a GBX 380 ($4.95) price objective on shares of Virgin Money Holdings PLC in a research note on Tuesday, April 25th. Panmure Gordon reiterated a buy rating and issued a GBX 400 ($5.21) price objective on shares of Virgin Money Holdings PLC in a research note on Tuesday, April 25th. Jefferies Group LLC lifted their price objective on Virgin Money Holdings PLC from GBX 425 ($5.54) to GBX 430 ($5.60) and gave the stock a buy rating in a research note on Monday, April 3rd. Finally, Citigroup Inc. reiterated a buy rating and issued a GBX 370 ($4.82) price objective on shares of Virgin Money Holdings PLC in a research note on Friday, July 21st. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Virgin Money Holdings PLC has an average rating of Buy and an average target price of GBX 369.07 ($4.81).
Shares of Virgin Money Holdings PLC (LON:VM) opened at 292.90 on Wednesday. Virgin Money Holdings PLC has a 52 week low of GBX 251.33 and a 52 week high of GBX 353.30. The firm’s market cap is GBX 1.30 billion. The firm’s 50-day moving average price is GBX 284.59 and its 200-day moving average price is GBX 308.22.
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The company also recently declared a dividend, which will be paid on Friday, September 22nd. Investors of record on Thursday, August 10th will be paid a dividend of GBX 1.90 ($0.02) per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a yield of 0.68%.
In related news, insider Jayne-Anne Gadhia sold 90,000 shares of the business’s stock in a transaction dated Friday, May 12th. The stock was sold at an average price of GBX 305 ($3.97), for a total transaction of £274,500 ($357,608.13). Also, insider Peter Bole sold 12,541 shares of the business’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of GBX 299 ($3.90), for a total value of £37,497.59 ($48,850.43). Insiders have sold 719,641 shares of company stock worth $217,606,559 over the last 90 days.
About Virgin Money Holdings PLC
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.
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