Analysts Set Virgin Money Holdings PLC (VM) Target Price at $340.50
Shares of Virgin Money Holdings PLC (LON:VM) have received a consensus rating of “Hold” from the sixteen research firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is GBX 340.50 ($4.44).
Several research analysts recently issued reports on VM shares. Barclays cut Virgin Money to an “equal weight” rating in a research report on Monday, July 9th. HSBC reaffirmed a “hold” rating on shares of Virgin Money in a research report on Wednesday, June 20th. Shore Capital cut Virgin Money to a “hold” rating in a research report on Monday, June 18th. Investec cut Virgin Money to a “hold” rating in a research report on Thursday, August 9th. Finally, UBS Group reaffirmed a “neutral” rating and set a GBX 395 ($5.15) target price (up previously from GBX 290 ($3.78)) on shares of Virgin Money in a research report on Friday, July 20th.
In other Virgin Money news, insider Peter Bole acquired 6,491 shares of the business’s stock in a transaction on Monday, August 6th. The shares were acquired at an average price of GBX 401 ($5.22) per share, with a total value of £26,028.91 ($33,905.05).
The firm also recently disclosed a dividend, which will be paid on Friday, September 21st. Shareholders of record on Thursday, August 9th will be given a GBX 2.30 ($0.03) dividend. The ex-dividend date is Thursday, August 9th. This represents a yield of 0.59%.
About Virgin Money
Virgin Money Holdings (UK) plc engages in the retail banking business primarily in the United Kingdom. The company offers current accounts; savings accounts, including cash individual savings accounts (ISAs), easy access accounts, fixed term accounts, limited access accounts, and children's accounts; first time buyer, buy-to-let, remortgaging, and moving home mortgages; balance and money transfer, purchase, and other credit cards, as well as money prepaid cards; life, pet, travel, and home insurance; and personal, children, and workplace pensions, as well as other pensions and retirement products.
Recommended Story: Outstanding Shares
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.