A number of other analysts also recently commented on VM. Citigroup reiterated a buy rating and issued a GBX 350 ($4.84) price objective (down previously from GBX 370 ($5.11)) on shares of Virgin Money in a research report on Tuesday, November 14th. Shore Capital reiterated a buy rating on shares of Virgin Money in a research report on Thursday, November 16th. Barclays reduced their price objective on Virgin Money from GBX 360 ($4.97) to GBX 320 ($4.42) and set an overweight rating for the company in a research report on Friday, November 17th. JPMorgan Chase & Co. reiterated an overweight rating and issued a GBX 400 ($5.53) price objective on shares of Virgin Money in a research report on Friday, November 17th. Finally, Credit Suisse Group downgraded Virgin Money to a neutral rating and reduced their price objective for the stock from GBX 330 ($4.56) to GBX 305 ($4.21) in a research report on Thursday, December 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of GBX 333.93 ($4.61).
Shares of Virgin Money (VM) opened at GBX 267.60 ($3.70) on Monday. Virgin Money has a 52 week low of GBX 250.20 ($3.46) and a 52 week high of GBX 341.10 ($4.71). The firm has a market capitalization of $1,190.00 and a P/E ratio of 704.21.
In other news, insider Mark Parker sold 83,200 shares of the stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of GBX 275 ($3.80), for a total value of £228,800 ($316,109.42).
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Virgin Money Company Profile
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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