Virgin Money UK (LON:VMUK) Receives Buy Rating from Shore Capital

Shore Capital reaffirmed their buy rating on shares of Virgin Money UK (LON:VMUKFree Report) in a research report sent to investors on Tuesday morning, Marketbeat.com reports.

Several other research analysts also recently commented on VMUK. Citigroup decreased their price objective on Virgin Money UK from GBX 265 ($3.32) to GBX 180 ($2.26) and set a buy rating on the stock in a research note on Monday, November 27th. Berenberg Bank decreased their price objective on Virgin Money UK from GBX 220 ($2.76) to GBX 200 ($2.51) and set a hold rating on the stock in a research note on Monday, November 27th. Finally, Barclays decreased their price objective on Virgin Money UK from GBX 210 ($2.63) to GBX 195 ($2.44) and set an equal weight rating on the stock in a research note on Friday, November 17th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Hold and a consensus target price of GBX 198.75 ($2.49).

Read Our Latest Report on Virgin Money UK

Virgin Money UK Stock Performance

Shares of LON:VMUK opened at GBX 157.90 ($1.98) on Tuesday. The stock’s 50-day simple moving average is GBX 156.13 and its two-hundred day simple moving average is GBX 160.24. Virgin Money UK has a 52-week low of GBX 134.20 ($1.68) and a 52-week high of GBX 194.60 ($2.44). The stock has a market capitalization of £2.05 billion, a price-to-earnings ratio of 849.17, a PEG ratio of 4.11 and a beta of 1.83.

Virgin Money UK Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, March 20th. Investors of record on Thursday, February 22nd will be paid a dividend of GBX 2 ($0.03) per share. This represents a yield of 1.27%. The ex-dividend date is Thursday, February 22nd. Virgin Money UK’s dividend payout ratio (DPR) is presently 2,777.78%.

Insider Activity at Virgin Money UK

In other news, insider Sara Weller purchased 5,000 shares of the business’s stock in a transaction on Friday, November 24th. The stock was acquired at an average price of GBX 148 ($1.86) per share, for a total transaction of £7,400 ($9,276.67). In other Virgin Money UK news, insider Clifford Abrahams sold 30,806 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of GBX 152 ($1.91), for a total transaction of £46,825.12 ($58,700.16). Also, insider Sara Weller purchased 5,000 shares of the business’s stock in a transaction on Friday, November 24th. The shares were purchased at an average price of GBX 148 ($1.86) per share, with a total value of £7,400 ($9,276.67). In the last 90 days, insiders have sold 203,522 shares of company stock valued at $32,076,800. 19.34% of the stock is owned by company insiders.

Virgin Money UK Company Profile

(Get Free Report)

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; risk management; asset and invoice finance services; international trade services; and home, car, and life and critical illness insurance products.

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Analyst Recommendations for Virgin Money UK (LON:VMUK)

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