Virgin Money Holdings PLC (VM) Price Target Cut to GBX 375

Virgin Money Holdings PLC (LON:VM) had its price target dropped by Goldman Sachs Group Inc from GBX 390 ($4.91) to GBX 375 ($4.72) in a research report issued on Thursday. The brokerage currently has a “neutral” rating on the stock. Goldman Sachs Group Inc’s target price points to a potential upside of 23.89% from the stock’s previous close.

VM has been the topic of a number of other reports. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 300 ($3.78) target price on shares of Virgin Money Holdings PLC in a research note on Thursday, February 9th. Royal Bank of Canada initiated coverage on shares of Virgin Money Holdings PLC in a research note on Tuesday, February 14th. They issued an “outperform” rating and a GBX 415 ($5.22) target price on the stock. Jefferies Group LLC raised their target price on shares of Virgin Money Holdings PLC from GBX 400 ($5.03) to GBX 425 ($5.35) and gave the company a “buy” rating in a research note on Tuesday, January 31st. Barclays PLC raised their target price on shares of Virgin Money Holdings PLC from GBX 350 ($4.41) to GBX 380 ($4.78) and gave the company an “overweight” rating in a research note on Friday, January 6th. Finally, Credit Suisse Group AG reiterated a “neutral” rating and set a GBX 335 ($4.22) price target on shares of Virgin Money Holdings PLC in a research report on Thursday, February 16th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of GBX 385.15 ($4.85).

Analyst Recommendations for Virgin Money Holdings PLC (LON:VM)

Virgin Money Holdings PLC (LON:VM) traded up 1.32% during mid-day trading on Thursday, reaching GBX 306.70. 2,057,490 shares of the company were exchanged. The stock’s market capitalization is GBX 1.36 billion. Virgin Money Holdings PLC has a 12-month low of GBX 196.10 and a 12-month high of GBX 379.60. The company’s 50 day moving average price is GBX 320.33 and its 200-day moving average price is GBX 318.95.

The business also recently declared a dividend, which will be paid on Wednesday, May 10th. Investors of record on Thursday, April 6th will be issued a GBX 3.50 ($0.04) dividend. This represents a yield of 1.09%. The ex-dividend date of this dividend is Thursday, April 6th.

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In related news, insider Jayne-Anne Gadhia sold 47,972 shares of Virgin Money Holdings PLC stock in a transaction on Thursday, March 16th. The shares were sold at an average price of GBX 331 ($4.17), for a total value of £158,787.32 ($199,858.17).

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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