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).
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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.
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