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).
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).
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).
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.
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