Virgin Money (LON:VM) had its target price decreased by BNP Paribas from GBX 400 ($5.61) to GBX 370 ($5.19) in a research note published on Thursday. BNP Paribas currently has an outperform rating on the stock.
A number of other research analysts have also recently issued reports on the stock. Credit Suisse Group reaffirmed a neutral rating and issued a GBX 305 ($4.28) target price on shares of Virgin Money in a report on Monday, March 19th. Citigroup reaffirmed a buy rating on shares of Virgin Money in a report on Monday, February 12th. Deutsche Bank initiated coverage on shares of Virgin Money in a report on Wednesday, January 10th. They issued a hold rating and a GBX 305 ($4.28) target price for the company. Royal Bank of Canada cut shares of Virgin Money to an underperform rating and dropped their target price for the company from GBX 350 ($4.91) to GBX 250 ($3.51) in a report on Wednesday, February 14th. Finally, Shore Capital reaffirmed a buy rating on shares of Virgin Money in a report on Wednesday, February 28th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of GBX 331.79 ($4.66).
Shares of LON:VM opened at GBX 259.40 ($3.64) on Thursday. Virgin Money has a 52 week low of GBX 250.20 ($3.51) and a 52 week high of GBX 339.60 ($4.77).
In other news, insider Jayne-Anne Gadhia sold 83,004 shares of the firm’s stock in a transaction that occurred on Thursday, March 22nd. The shares were sold at an average price of GBX 262 ($3.68), for a total transaction of £217,470.48 ($305,264.57). Also, insider Mark Parker sold 42,436 shares of the firm’s stock in a transaction that occurred on Wednesday, March 28th. The stock was sold at an average price of GBX 259 ($3.64), for a total transaction of £109,909.24 ($154,280.24).
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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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