Virgin Money Holdings PLC (VM) Receives GBX 368 Average Target Price from Analysts
Shares of Virgin Money Holdings PLC (LON:VM) have been given a consensus recommendation of “Buy” by the sixteen ratings firms that are presently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is GBX 368 ($4.76).
VM has been the subject of several recent analyst reports. Numis Securities Ltd cut shares of Virgin Money Holdings PLC to a “hold” rating and decreased their target price for the stock from GBX 380 ($4.91) to GBX 290 ($3.75) in a research report on Monday, July 3rd. Investec restated a “buy” rating and issued a GBX 390 ($5.04) target price on shares of Virgin Money Holdings PLC in a research report on Friday, August 25th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a GBX 370 ($4.79) target price on shares of Virgin Money Holdings PLC in a research report on Tuesday, May 30th. Credit Suisse Group upgraded shares of Virgin Money Holdings PLC to an “outperform” rating and set a GBX 345 ($4.46) target price for the company in a research report on Wednesday, May 17th. Finally, Jefferies Group LLC restated a “buy” rating and issued a GBX 430 ($5.56) target price on shares of Virgin Money Holdings PLC in a research report on Monday, June 12th.
Shares of Virgin Money Holdings PLC (LON:VM) traded up 0.11% during midday trading on Tuesday, reaching GBX 266.70. 721,679 shares of the company were exchanged. The stock’s market capitalization is GBX 1.18 billion. Virgin Money Holdings PLC has a 52-week low of GBX 256.70 and a 52-week high of GBX 353.30. The company’s 50-day moving average price is GBX 284.89 and its 200 day moving average price is GBX 301.83.
The business also recently disclosed a dividend, which will be paid on Friday, September 22nd. Stockholders of record on Thursday, August 10th will be issued a GBX 1.90 ($0.02) dividend. This represents a dividend yield of 0.68%. The ex-dividend date of this dividend is Thursday, August 10th.
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In related news, insider Mark Parker sold 14,083 shares of the stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of GBX 285 ($3.69), for a total transaction of £40,136.55 ($51,909.66). Also, insider Jayne-Anne Gadhia bought 35,365 shares of the business’s stock in a transaction that occurred on Tuesday, July 25th. The shares were acquired at an average cost of GBX 281 ($3.63) per share, with a total value of £99,375.65 ($128,525.16).
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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