Virgin Money Holdings PLC (VM) PT Lowered to GBX 400

Virgin Money Holdings PLC (LON:VM) had its target price dropped by equities research analysts at Royal Bank Of Canada from GBX 430 ($5.55) to GBX 400 ($5.17) in a note issued to investors on Monday. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective indicates a potential upside of 53.08% from the stock’s current price.

Several other equities analysts have also issued reports on the stock. Goldman Sachs Group, Inc. (The) cut their price target on shares of Virgin Money Holdings PLC from GBX 380 ($4.91) to GBX 370 ($4.78) and set a “neutral” rating on the stock in a report on Tuesday, May 23rd. Jefferies Group LLC reaffirmed a “buy” rating and issued a GBX 430 ($5.55) price target on shares of Virgin Money Holdings PLC in a report on Wednesday, July 5th. Credit Suisse Group raised shares of Virgin Money Holdings PLC to an “outperform” rating and set a GBX 345 ($4.46) price target on the stock in a report on Wednesday, May 17th. Citigroup Inc. reaffirmed a “buy” rating and issued a GBX 370 ($4.78) price target on shares of Virgin Money Holdings PLC in a report on Friday, July 21st. Finally, Investec reaffirmed a “buy” rating and issued a GBX 390 ($5.04) price target on shares of Virgin Money Holdings PLC in a report on Wednesday, June 28th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Virgin Money Holdings PLC presently has an average rating of “Buy” and a consensus target price of GBX 365.86 ($4.73).

Shares of Virgin Money Holdings PLC (LON:VM) opened at 261.30 on Monday. Virgin Money Holdings PLC has a 1-year low of GBX 256.70 and a 1-year high of GBX 353.30. The company has a 50 day moving average price of GBX 282.67 and a 200 day moving average price of GBX 300.14. The stock’s market cap is GBX 1.16 billion.

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In other Virgin Money Holdings PLC news, insider Jayne-Anne Gadhia purchased 35,365 shares of the stock in a transaction on Tuesday, July 25th. The shares were bought at an average cost of GBX 281 ($3.63) per share, with a total value of £99,375.65 ($128,342.57). Also, insider Mark Parker sold 14,083 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of GBX 285 ($3.68), for a total transaction of £40,136.55 ($51,835.92).

Virgin Money Holdings PLC Company Profile

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 Holdings PLC (LON:VM)

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