Deutsche Bank Initiates Coverage on Virgin Money (VM)

Analysts at Deutsche Bank began coverage on shares of Virgin Money (LON:VM) in a research note issued to investors on Wednesday, January 10th. The brokerage set a “hold” rating and a GBX 305 ($4.28) price target on the stock. Deutsche Bank’s price objective would indicate a potential upside of 9.36% from the stock’s current price.

Several other research analysts have also recently commented on VM. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 400 ($5.62) price target on shares of Virgin Money in a research report on Tuesday, September 19th. Barclays reissued an “overweight” rating and set a GBX 360 ($5.06) price target on shares of Virgin Money in a research report on Thursday, October 5th. Macquarie reduced their price target on Virgin Money from GBX 377 ($5.29) to GBX 325 ($4.56) and set an “outperform” rating for the company in a research report on Thursday, October 12th. Citigroup reissued a “buy” rating and set a GBX 370 ($5.20) price target on shares of Virgin Money in a research report on Monday, October 16th. Finally, Shore Capital reissued a “buy” rating on shares of Virgin Money in a research report on Tuesday, October 17th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Virgin Money currently has a consensus rating of “Buy” and an average target price of GBX 348.33 ($4.89).

Virgin Money (LON:VM) traded down GBX 0.40 ($0.01) during mid-day trading on Wednesday, hitting GBX 278.90 ($3.92). The stock had a trading volume of 1,063,718 shares, compared to its average volume of 1,100,000. The firm has a market capitalization of $1,240.00 and a PE ratio of 845.15. Virgin Money has a 52 week low of GBX 250.20 ($3.51) and a 52 week high of GBX 353.30 ($4.96).

In other Virgin Money news, insider Mark Parker sold 83,200 shares of the firm’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of GBX 275 ($3.86), for a total transaction of £228,800 ($321,303.19).

ILLEGAL ACTIVITY NOTICE: “Deutsche Bank Initiates Coverage on Virgin Money (VM)” was originally reported by BBNS and is the sole property of of BBNS. If you are reading this story on another website, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this story can be read at https://baseballnewssource.com/markets/virgin-money-vm-now-covered-by-analysts-at-deutsche-bank/1822170.html.

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)

Receive News & Ratings for Virgin Money Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Virgin Money and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Report: Eduardo Nunez and Red Sox Agree to Deal for One Year
Report: Eduardo Nunez and Red Sox Agree to Deal for One Year
Los Angeles Angels Plan to Use Shohei Ohtani in Six-Man Rotation
Los Angeles Angels Plan to Use Shohei Ohtani in Six-Man Rotation
Cubs Sign Free Agent Yu Darvish
Cubs Sign Free Agent Yu Darvish
Mother of Pittsburgh Pirates Player Elias Diaz Has Been Kidnapped
Mother of Pittsburgh Pirates Player Elias Diaz Has Been Kidnapped
Giants Will Retire No. 25 of Barry Bonds in August
Giants Will Retire No. 25 of Barry Bonds in August
Mookie Betts Awarded Arbitration of $10.5 Million
Mookie Betts Awarded Arbitration of $10.5 Million


Leave a Reply

 
© 2006-2018 BBNS.