Shore Capital Reiterates Buy Rating for Virgin Money Holdings PLC (VM)
Virgin Money Holdings PLC (LON:VM)‘s stock had its “buy” rating restated by stock analysts at Shore Capital in a report released on Thursday.
A number of other brokerages have also recently weighed in on VM. Jefferies Group LLC reiterated a “buy” rating and set a GBX 430 ($5.66) price target on shares of Virgin Money Holdings PLC in a research note on Tuesday, September 5th. Citigroup Inc. reiterated a “buy” rating and set a GBX 350 ($4.60) price target (down previously from GBX 370 ($4.87)) on shares of Virgin Money Holdings PLC in a research note on Tuesday. Investec reiterated a “buy” rating and set a GBX 390 ($5.13) price target on shares of Virgin Money Holdings PLC in a research note on Friday, August 25th. Macquarie decreased their price target on shares of Virgin Money Holdings PLC from GBX 377 ($4.96) to GBX 325 ($4.27) and set an “outperform” rating for the company in a research note on Thursday, October 12th. Finally, Numis Securities Ltd reiterated a “hold” rating and set a GBX 290 ($3.81) price target on shares of Virgin Money Holdings PLC in a research note on Tuesday, July 25th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of GBX 353.21 ($4.65).
Shares of Virgin Money Holdings PLC (LON VM) traded up GBX 0.40 ($0.01) during trading hours on Thursday, reaching GBX 261 ($3.43). 2,518,527 shares of the company were exchanged, compared to its average volume of 1,920,000. Virgin Money Holdings PLC has a 12-month low of GBX 256.20 ($3.37) and a 12-month high of GBX 353.30 ($4.65).
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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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