Deutsche Bank assumed coverage on shares of Virgin Money (LON:VM) in a research note issued to investors on Wednesday morning. The brokerage issued a hold rating and a GBX 305 ($4.14) target price on the stock.
Other analysts have also issued research reports about the company. Investec reaffirmed a buy rating and issued a GBX 395 ($5.36) target price on shares of Virgin Money in a report on Tuesday, October 17th. Shore Capital reaffirmed a buy rating on shares of Virgin Money in a report on Tuesday, October 17th. Citigroup reaffirmed a buy rating and issued a GBX 370 ($5.02) target price on shares of Virgin Money in a report on Monday, October 16th. Finally, Jefferies Group lowered their target price on Virgin Money from GBX 430 ($5.83) to GBX 360 ($4.88) and set a buy rating on the stock in a report on Friday, November 17th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Virgin Money has a consensus rating of Buy and a consensus price target of GBX 348.33 ($4.72).
Virgin Money (LON VM) traded up GBX 1.90 ($0.03) on Wednesday, reaching GBX 289.40 ($3.92). The company’s stock had a trading volume of 779,338 shares, compared to its average volume of 1,000,000. The firm has a market cap of $1,290.00 and a price-to-earnings ratio of 876.97. Virgin Money has a 12-month low of GBX 250.20 ($3.39) and a 12-month high of GBX 353.30 ($4.79).
About Virgin Money
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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