Virgin Money Holdings PLC (LON:VM) had its price target reduced by Macquarie from GBX 377 ($4.96) to GBX 325 ($4.27) in a research note released on Thursday. Macquarie currently has an outperform rating on the stock.
Several other research firms have also commented on VM. Citigroup Inc. reissued a buy rating and set a GBX 370 ($4.86) price target on shares of Virgin Money Holdings PLC in a research report on Friday, July 21st. Numis Securities Ltd reissued a hold rating and set a GBX 290 ($3.81) price target on shares of Virgin Money Holdings PLC in a research report on Tuesday, July 25th. Investec reissued a buy rating and set a GBX 390 ($5.13) price target on shares of Virgin Money Holdings PLC in a research report on Tuesday, July 25th. Credit Suisse Group decreased their price target on shares of Virgin Money Holdings PLC from GBX 345 ($4.54) to GBX 330 ($4.34) and set an outperform rating for the company in a research report on Monday, August 7th. Finally, Jefferies Group LLC reissued a buy rating and set a GBX 430 ($5.65) price target on shares of Virgin Money Holdings PLC in a research report on Wednesday, July 5th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of GBX 362.14 ($4.76).
Shares of Virgin Money Holdings PLC (VM) traded up 4.09% on Thursday, reaching GBX 285.20. 3,431,750 shares of the company were exchanged. The company’s market capitalization is GBX 1.26 billion. The company’s 50-day moving average is GBX 270.83 and its 200-day moving average is GBX 288.51. Virgin Money Holdings PLC has a 52 week low of GBX 256.20 and a 52 week high of GBX 353.30.
The business also recently disclosed a dividend, which was paid on Friday, September 22nd. Investors of record on Thursday, August 10th were given a GBX 1.90 ($0.02) dividend. This represents a dividend yield of 0.68%. The ex-dividend date of this dividend was Thursday, August 10th.
In other Virgin Money Holdings PLC news, insider Mark Parker sold 14,083 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of GBX 285 ($3.75), for a total transaction of £40,136.55 ($52,769.59). Also, insider Jayne-Anne Gadhia purchased 35,365 shares of Virgin Money Holdings PLC stock in a transaction on Tuesday, July 25th. The shares were acquired at an average cost of GBX 281 ($3.69) per share, with a total value of £99,375.65 ($130,654.29).
About Virgin Money Holdings PLC
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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