Virgin Money’s (VM) “Buy” Rating Reiterated at Citigroup

Citigroup reissued their buy rating on shares of Virgin Money (LON:VM) in a research report report published on Wednesday morning. Citigroup currently has a GBX 350 ($4.84) price objective on the stock.

Several other analysts have also commented on the company. Credit Suisse Group reiterated a neutral rating and set a GBX 305 ($4.21) price objective on shares of Virgin Money in a report on Monday, March 19th. JPMorgan Chase & Co. reiterated an overweight rating and set a GBX 400 ($5.53) price objective on shares of Virgin Money in a report on Friday, March 16th. Berenberg Bank reiterated a hold rating and set a GBX 300 ($4.14) price objective on shares of Virgin Money in a report on Monday, March 12th. Jefferies Group lowered Virgin Money to a hold rating and set a GBX 305 ($4.21) price objective for the company. in a report on Monday, March 12th. Finally, Shore Capital reiterated a buy rating on shares of Virgin Money in a report on Wednesday, February 28th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of GBX 333.93 ($4.61).

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Shares of VM stock opened at GBX 263.20 ($3.64) on Wednesday. The stock has a market capitalization of $1,180.00 and a price-to-earnings ratio of 692.63. Virgin Money has a 52-week low of GBX 250.20 ($3.46) and a 52-week high of GBX 339.60 ($4.69).

The company also recently announced a dividend, which will be paid on Wednesday, May 16th. Investors of record on Thursday, April 5th will be paid a GBX 4.10 ($0.06) dividend. This is a positive change from Virgin Money’s previous dividend of $1.90. The ex-dividend date of this dividend is Thursday, April 5th. This represents a yield of 1.49%.

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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.

Analyst Recommendations for Virgin Money (LON:VM)

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