Virgin Money Holdings PLC (VM) Rating Reiterated by Jefferies Group LLC
Virgin Money Holdings PLC (LON:VM)‘s stock had its “buy” rating restated by stock analysts at Jefferies Group LLC in a research note issued on Tuesday. They currently have a GBX 430 ($5.55) price target on the stock. Jefferies Group LLC’s target price would suggest a potential upside of 63.31% from the stock’s current price.
Several other research analysts have also recently weighed in on VM. Credit Suisse Group raised Virgin Money Holdings PLC to an “outperform” rating and set a GBX 345 ($4.46) price objective for the company in a research report on Wednesday, May 17th. Barclays PLC reissued an “overweight” rating and set a GBX 380 ($4.91) price target on shares of Virgin Money Holdings PLC in a research report on Friday, May 19th. Goldman Sachs Group, Inc. (The) reduced their price target on Virgin Money Holdings PLC from GBX 380 ($4.91) to GBX 370 ($4.78) and set a “neutral” rating for the company in a research report on Tuesday, May 23rd. Investec increased their price target on Virgin Money Holdings PLC from GBX 385 ($4.97) to GBX 390 ($5.04) and gave the company a “buy” rating in a research report on Wednesday, June 7th. Finally, Numis Securities Ltd cut Virgin Money Holdings PLC to a “hold” rating and reduced their price target for the company from GBX 380 ($4.91) to GBX 290 ($3.75) in a research report on Monday, July 3rd. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of GBX 365.86 ($4.73).
Virgin Money Holdings PLC (LON:VM) opened at 264.10 on Tuesday. Virgin Money Holdings PLC has a 1-year low of GBX 256.70 and a 1-year high of GBX 353.30. The stock’s 50 day moving average is GBX 281.58 and its 200-day moving average is GBX 299.61. The firm’s market capitalization is GBX 1.17 billion.
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In related news, insider Jayne-Anne Gadhia acquired 35,365 shares of the stock in a transaction on Tuesday, July 25th. The shares were purchased at an average price of GBX 281 ($3.63) per share, for a total transaction of £99,375.65 ($128,342.57). Also, insider Mark Parker sold 14,083 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of GBX 285 ($3.68), for a total value of £40,136.55 ($51,835.92).
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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