HSBC Begins Coverage on Virgin Money UK (VM)

HSBC began coverage on shares of Virgin Money UK (LON:VM) in a research report released on Friday. The brokerage issued a hold rating and a GBX 290 ($4.10) price target on the stock.

VM has been the topic of several other research reports. Royal Bank of Canada downgraded Virgin Money UK to an underperform rating and cut their price objective for the company from GBX 350 ($4.95) to GBX 250 ($3.53) in a report on Wednesday, February 14th. Citigroup reissued a buy rating on shares of Virgin Money UK in a report on Monday, February 12th. Deutsche Bank assumed coverage on Virgin Money UK in a report on Wednesday, January 10th. They set a hold rating and a GBX 305 ($4.31) price objective on the stock. Credit Suisse Group reissued a neutral rating and set a GBX 305 ($4.31) price objective on shares of Virgin Money UK in a report on Thursday, February 15th. Finally, Berenberg Bank reissued a hold rating and set a GBX 300 ($4.24) price objective on shares of Virgin Money UK in a report on Monday, March 12th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of GBX 329 ($4.65).

How to Become a New Pot Stock Millionaire

LON VM opened at GBX 263.60 ($3.73) on Friday. Virgin Money UK has a twelve month low of GBX 250.20 ($3.54) and a twelve month high of GBX 339.60 ($4.80).

The business also recently announced a dividend, which will be paid on Wednesday, May 16th. Shareholders of record on Thursday, April 5th will be issued a dividend of GBX 4.10 ($0.06) per share. The ex-dividend date is Thursday, April 5th. This is an increase from Virgin Money UK’s previous dividend of $1.90. This represents a yield of 1.49%.

In other news, insider Mark Parker sold 42,436 shares of Virgin Money UK stock in a transaction dated Wednesday, March 28th. The stock was sold at an average price of GBX 259 ($3.66), for a total value of £109,909.24 ($155,348.75). Also, insider Jayne-Anne Gadhia sold 83,004 shares of Virgin Money UK stock in a transaction dated Thursday, March 22nd. The stock was sold at an average price of GBX 262 ($3.70), for a total value of £217,470.48 ($307,378.77).

WARNING: This report was originally reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are reading this report on another publication, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The original version of this report can be read at https://www.chaffeybreeze.com/2018/04/16/hsbc-begins-coverage-on-virgin-money-uk-vm.html.

About Virgin Money UK

Virgin Money Holdings (UK) plc engages in the retail banking business primarily in the United Kingdom. The company offers current accounts; savings accounts, including cash individual savings accounts (ISAs), easy access accounts, fixed term accounts, limited access accounts, and children's accounts; first time buyer, buy-to-let, remortgaging, and moving home mortgages; balance and money transfer, purchase, and other credit cards, as well as money prepaid cards; life, pet, travel, and home insurance; and personal, children, and workplace pensions, as well as other pensions and retirement products.

Analyst Recommendations for Virgin Money UK (LON:VM)

Receive News & Ratings for Virgin Money UK Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Virgin Money UK and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply