Virgin Money UK (LON:VMUK – Get a rating)‘s stock had its “buy” rating restated by equity analysts Shore Capital in a report released Tuesday, Marketbeat reports.
A number of other research analysts have also weighed in on the stock recently. Morgan Stanley reiterated an “underweight” rating on Virgin Money UK shares in a Thursday, April 14 research report. Deutsche Bank Aktiengesellschaft cut its price target on Virgin Money UK shares from 245 GBX ($3.00) to 230 GBX ($2.82) and set a “buy” rating for the company in a report from the Monday May 30. Royal Bank of Canada cut its price target on Virgin Money UK shares from 200 GBX ($2.45) to 180 GBX ($2.21) and set an ‘industry performance’ rating for the company in a Monday, June 27 report. Barclays raised shares of Virgin Money UK to an “overweight” rating and cut its target price for the company from 245 GBX ($3.00) to 200 GBX ($2.45) in a Thursday, June 30 report. Finally, JPMorgan Chase & Co. raised its price target on Virgin Money UK shares from 180 GBX ($2.21) to 190 GBX ($2.33) and gave the company a “neutral” rating in a report from Friday July 1st. One equity research analyst assigned the stock a sell rating, three assigned a hold rating and six assigned the company’s stock a buy rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of 220.33 GBX ($2.70).
Virgin Money UK stock up 1.0%
Virgin Money UK shares opened at 145.40 GBX ($1.78) on Tuesday. The company has a market capitalization of £2.10 billion and a price-earnings ratio of 330.57. The company’s 50-day moving average is 137.94 GBX and its 200-day moving average is 163.51 GBX. Virgin Money UK has a 12-month low of 1.46 GBX ($0.02) and a 12-month high of 218.70 GBX ($2.68).
Insider activity at Virgin Money UK
Separately, insider David Duffy sold 6,572 shares of the company in a trade on Monday, June 20. The shares were sold at an average price of 127 GBX ($1.56), for a total transaction of £8,346.44 ($10,227.23).
About Virgin Money UK
Virgin Money UK PLC provides banking products and services to consumers and small and medium-sized businesses under the Clydesdale Bank, Yorkshire Bank and Virgin Money brands in the UK. The company offers savings and checking accounts, mortgages, credit cards and home loans; corporate loans, overdraft facilities, cash solutions, corporate and structured finance; asset financing and wealth referencing services; risk management; international trade services; money services, pensions and investment and protection products; and home, auto, travel, life and critical illness insurance products.
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