Virgin Money (VM) Given New GBX 370 Price Target at BNP Paribas

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).

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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).

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

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.

Analyst Recommendations for Virgin Money (LON:VM)

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