Investec reiterated their buy rating on shares of Virgin Money Holdings PLC (LON:VM) in a research report sent to investors on Tuesday, October 17th. Investec currently has a GBX 395 ($5.20) target price on the stock.
A number of other research firms also recently weighed in on VM. Jefferies Group LLC reaffirmed a buy rating and issued a GBX 430 ($5.66) price target on shares of Virgin Money Holdings PLC in a research note on Tuesday, September 5th. Numis Securities Ltd cut Virgin Money Holdings PLC to a hold rating and decreased their price target for the stock from GBX 380 ($5.00) to GBX 290 ($3.81) in a research note on Monday, July 3rd. Macquarie reduced their target price on Virgin Money Holdings PLC from GBX 377 ($4.96) to GBX 325 ($4.27) and set an outperform rating on the stock in a research note on Thursday, October 12th. Goldman Sachs Group, Inc. (The) reduced their target price on Virgin Money Holdings PLC from GBX 370 ($4.87) to GBX 330 ($4.34) and set a neutral rating on the stock in a research note on Thursday, June 22nd. Finally, Royal Bank Of Canada reduced their target price on Virgin Money Holdings PLC from GBX 430 ($5.66) to GBX 400 ($5.26) and set an outperform rating on the stock in a research note on Monday, September 4th. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of GBX 362.50 ($4.77).
Virgin Money Holdings PLC (LON:VM) traded down GBX 0.10 ($0.00) during mid-day trading on Tuesday, reaching GBX 288.60 ($3.80). The company’s stock had a trading volume of 951,785 shares, compared to its average volume of 1,500,000. Virgin Money Holdings PLC has a 1-year low of GBX 256.20 ($3.37) and a 1-year high of GBX 353.30 ($4.65).
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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 stock was sold at an average price of GBX 285 ($3.75), for a total transaction of £40,136.55 ($52,790.41).
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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