Virgin Money UK (LON:VM) had its target price increased by Barclays from GBX 320 ($4.58) to GBX 360 ($5.15) in a research note issued to investors on Monday morning. They currently have an overweight rating on the stock.
A number of other analysts have also issued reports 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) target price for the company. BNP Paribas lowered their target price on shares of Virgin Money UK from GBX 400 ($5.73) to GBX 370 ($5.30) and set an outperform rating for the company in a research note on Thursday, April 5th. Deutsche Bank reissued a hold rating on shares of Virgin Money UK in a research note on Wednesday, April 4th. Citigroup reissued a buy rating and set a GBX 350 ($5.01) target price on shares of Virgin Money UK in a research note on Wednesday, March 21st. Finally, Credit Suisse Group reissued a neutral rating and set a GBX 305 ($4.37) target price on shares of Virgin Money UK in a research note on Monday, March 19th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company. Virgin Money UK has a consensus rating of Hold and a consensus target price of GBX 331.67 ($4.75).
Shares of VM opened at GBX 265.60 ($3.80) on Monday. Virgin Money UK has a 12-month low of GBX 250.20 ($3.58) and a 12-month high of GBX 339.60 ($4.86).
In related news, insider Jayne-Anne Gadhia sold 83,004 shares of the company’s stock in a transaction dated Thursday, March 22nd. The shares were sold at an average price of GBX 262 ($3.75), for a total value of £217,470.48 ($311,383.85). Also, insider Mark Parker sold 42,436 shares of the stock in a transaction dated Wednesday, March 28th. The shares were sold at an average price of GBX 259 ($3.71), for a total transaction of £109,909.24 ($157,372.91).
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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