Virgin Money (VM) Now Covered by Analysts at Deutsche Bank

Analysts at Deutsche Bank assumed coverage on shares of Virgin Money (LON:VM) in a research report issued on Wednesday, January 10th. The brokerage set a “hold” rating and a GBX 305 ($4.14) price target on the stock. Deutsche Bank’s price target would indicate a potential upside of 6.49% from the company’s previous close.

Several other brokerages also recently weighed in on VM. Citigroup reaffirmed a “buy” rating and issued a GBX 350 ($4.75) target price (down previously from GBX 370 ($5.02)) on shares of Virgin Money in a report on Tuesday, November 14th. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 400 ($5.42) price objective on shares of Virgin Money in a report on Friday, November 17th. Shore Capital reissued a “buy” rating on shares of Virgin Money in a report on Thursday, November 2nd. Macquarie dropped their price objective on shares of Virgin Money from GBX 377 ($5.11) to GBX 325 ($4.41) and set an “outperform” rating for the company in a report on Thursday, October 12th. Finally, Jefferies Group dropped their price objective on shares of Virgin Money from GBX 430 ($5.83) to GBX 360 ($4.88) and set a “buy” rating for the company in a report on Friday, November 17th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of GBX 348.33 ($4.72).

Shares of Virgin Money (LON:VM) opened at GBX 286.40 ($3.88) on Wednesday. Virgin Money has a 1 year low of GBX 250.20 ($3.39) and a 1 year high of GBX 353.30 ($4.79). The stock has a market cap of $1,270.00 and a price-to-earnings ratio of 867.88.

In other Virgin Money news, insider Mark Parker sold 83,200 shares of the company’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of GBX 275 ($3.73), for a total value of £228,800 ($310,279.36).

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About Virgin Money

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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