Virgin Money UK (VM) Receives Average Recommendation of “Hold” from Brokerages

Shares of Virgin Money UK (LON:VM) have been assigned an average recommendation of “Hold” from the sixteen research firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is GBX 333.57 ($4.78).

Several brokerages have recently weighed in on VM. Royal Bank of Canada cut shares of Virgin Money UK to an “underperform” rating and dropped their price target for the stock from GBX 350 ($5.01) to GBX 250 ($3.58) in a research note on Wednesday, February 14th. Citigroup reiterated a “buy” rating on shares of Virgin Money UK in a research note on Monday, February 12th. Deutsche Bank began coverage on shares of Virgin Money UK in a research note on Wednesday, January 10th. They set a “hold” rating and a GBX 305 ($4.37) price target on the stock. HSBC began coverage on shares of Virgin Money UK in a research note on Friday. They set a “hold” rating and a GBX 290 ($4.15) price target on the stock. Finally, Credit Suisse Group reiterated a “neutral” rating and set a GBX 305 ($4.37) price target on shares of Virgin Money UK in a research note on Thursday, February 15th.

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In other Virgin Money UK news, insider Mark Parker sold 42,436 shares of Virgin Money UK stock in a transaction on Wednesday, March 28th. The shares were sold at an average price of GBX 259 ($3.71), for a total value of £109,909.24 ($157,372.91). Also, insider Jayne-Anne Gadhia sold 83,004 shares of Virgin Money UK stock in a transaction on Thursday, March 22nd. The shares were sold at an average price of GBX 262 ($3.75), for a total transaction of £217,470.48 ($311,383.85).

Shares of Virgin Money UK stock traded up GBX 0.10 ($0.00) on Wednesday, hitting GBX 263.70 ($3.78). 1,215,335 shares of the company’s stock were exchanged, compared to its average volume of 2,060,000. Virgin Money UK has a 1 year low of GBX 250.20 ($3.58) and a 1 year high of GBX 339.60 ($4.86).

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

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Virgin Money UK Company Profile

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)

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