Virgin Money Holdings PLC (VM) Earns “Overweight” Rating from Barclays PLC
Barclays PLC reissued their overweight rating on shares of Virgin Money Holdings PLC (LON:VM) in a research note released on Thursday. The brokerage currently has a GBX 360 ($4.78) price objective on the stock.
Other equities analysts have also recently issued reports about the stock. Jefferies Group LLC reiterated a buy rating and set a GBX 430 ($5.70) price objective on shares of Virgin Money Holdings PLC in a research report on Monday, June 12th. Investec upped their price objective on shares of Virgin Money Holdings PLC from GBX 385 ($5.11) to GBX 390 ($5.17) and gave the stock a buy rating in a research report on Wednesday, June 7th. Citigroup Inc. reiterated a buy rating and set a GBX 370 ($4.91) price objective on shares of Virgin Money Holdings PLC in a research report on Friday, July 21st. Numis Securities Ltd reiterated a hold rating and set a GBX 290 ($3.85) price objective on shares of Virgin Money Holdings PLC in a research report on Tuesday, July 25th. Finally, Goldman Sachs Group, Inc. (The) lowered their price objective on shares of Virgin Money Holdings PLC from GBX 370 ($4.91) to GBX 330 ($4.38) and set a neutral rating for the company in a research report on Thursday, June 22nd. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Virgin Money Holdings PLC presently has a consensus rating of Buy and an average price target of GBX 365.86 ($4.85).
Shares of Virgin Money Holdings PLC (LON:VM) opened at 273.70 on Thursday. Virgin Money Holdings PLC has a 1-year low of GBX 256.20 and a 1-year high of GBX 353.30. The stock’s 50 day moving average is GBX 270.03 and its 200 day moving average is GBX 290.28. The company’s market capitalization is GBX 1.21 billion.
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The firm also recently declared a dividend, which was paid on Friday, September 22nd. Shareholders of record on Thursday, August 10th were given a GBX 1.90 ($0.03) dividend. This represents a yield of 0.68%. The ex-dividend date of this dividend was Thursday, August 10th.
In other Virgin Money Holdings PLC news, insider Mark Parker sold 14,083 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of GBX 285 ($3.78), for a total value of £40,136.55 ($53,238.56). Also, insider Jayne-Anne Gadhia purchased 35,365 shares of the firm’s stock in a transaction on Tuesday, July 25th. The stock was acquired at an average price of GBX 281 ($3.73) per share, with a total value of £99,375.65 ($131,815.43).
Virgin Money Holdings PLC 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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