Mark Parker Sells 83,200 Shares of Virgin Money Holdings PLC (VM) Stock
Virgin Money Holdings PLC (LON:VM) insider Mark Parker sold 83,200 shares of the business’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of GBX 275 ($3.70), for a total value of £228,800 ($307,940.78).
Virgin Money Holdings PLC (LON:VM) traded down GBX 1.30 ($0.02) during trading hours on Thursday, hitting GBX 275.20 ($3.70). The stock had a trading volume of 664,136 shares, compared to its average volume of 1,680,000. Virgin Money Holdings PLC has a 1-year low of GBX 250.20 ($3.37) and a 1-year high of GBX 353.30 ($4.76).
VM has been the topic of a number of recent research reports. Royal Bank of Canada lowered their target price on Virgin Money from GBX 430 ($5.79) to GBX 400 ($5.38) and set an “outperform” rating on the stock in a report on Monday, September 4th. Citigroup reissued a “buy” rating and issued a GBX 350 ($4.71) target price (down previously from GBX 370 ($4.98)) on shares of Virgin Money in a report on Tuesday, November 14th. Jefferies Group lowered their target price on Virgin Money from GBX 430 ($5.79) to GBX 360 ($4.85) and set a “buy” rating on the stock in a report on Friday, November 17th. Investec reissued a “buy” rating and issued a GBX 390 ($5.25) target price on shares of Virgin Money in a report on Friday, August 25th. Finally, Shore Capital reissued a “buy” rating on shares of Virgin Money in a report on Thursday, November 16th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of GBX 351.43 ($4.73).
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Virgin Money Company Profile
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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