Virgin Money UK (LON:VMUK) Price Target Raised to GBX 220

Virgin Money UK (LON:VMUKGet Rating) had its price target lifted by Barclays from GBX 200 ($2.45) to GBX 220 ($2.70) in a report published on Wednesday morning, Marketbeat Ratings reports. Barclays currently has an overweight rating on the stock.

A number of other brokerages have also recently weighed in on VMUK. Morgan Stanley reissued an underweight rating on shares of Virgin Money UK in a research report on Thursday, April 14th. Royal Bank of Canada cut their price objective on shares of Virgin Money UK from GBX 200 ($2.45) to GBX 180 ($2.21) and set a sector perform rating on the stock in a research report on Monday, June 27th. Deutsche Bank Aktiengesellschaft reaffirmed a buy rating and issued a GBX 230 ($2.82) price objective on shares of Virgin Money UK in a research report on Wednesday. Shore Capital reaffirmed a buy rating on shares of Virgin Money UK in a research report on Tuesday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Virgin Money UK from GBX 180 ($2.21) to GBX 190 ($2.33) and gave the company a neutral rating in a research report on Friday, July 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Virgin Money UK presently has a consensus rating of Moderate Buy and an average target price of GBX 226.63 ($2.78).

Virgin Money UK Stock Up 1.8 %

Shares of LON VMUK opened at GBX 153.35 ($1.88) on Wednesday. The company’s fifty day moving average is GBX 137.87 and its 200-day moving average is GBX 163.03. The stock has a market cap of £2.20 billion and a price-to-earnings ratio of 348.98. Virgin Money UK has a twelve month low of GBX 1.46 ($0.02) and a twelve month high of GBX 218.70 ($2.68).

Insider Activity at Virgin Money UK

In other Virgin Money UK news, insider David Duffy sold 6,572 shares of the company’s stock in a transaction that occurred on Monday, June 20th. The shares were sold at an average price of GBX 127 ($1.56), for a total value of £8,346.44 ($10,227.23).

Virgin Money UK Company Profile

(Get Rating)

Virgin Money UK PLC provides banking products and services for consumers, and small and medium sized businesses under the Clydesdale Bank, Yorkshire Bank, and Virgin Money brands in the United Kingdom. The company offers savings and current accounts, mortgages, credit cards, and home loans; business loans, overdraft facilities, treasury solutions, and corporate and structured finance; asset finance and wealth referral services; risk management; international trade services; currency services, pensions, and investments and protection products; and home, car, travel, and life and critical illness insurance products.

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