Citigroup Reaffirms “Buy” Rating for Virgin Money (VM)

Virgin Money (LON:VM)‘s stock had its “buy” rating reiterated by Citigroup in a research note issued on Wednesday.

A number of other equities research analysts have also recently commented on VM. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 400 ($5.42) target price on shares of Virgin Money in a research report on Tuesday, September 19th. Barclays restated an “overweight” rating and set a GBX 360 ($4.88) target price on shares of Virgin Money in a research report on Thursday, October 5th. Macquarie dropped their target price on Virgin Money from GBX 377 ($5.11) to GBX 325 ($4.41) and set an “outperform” rating on the stock in a research report on Thursday, October 12th. Shore Capital restated a “buy” rating on shares of Virgin Money in a research report on Tuesday, October 17th. Finally, Investec restated a “buy” rating and set a GBX 395 ($5.36) target price on shares of Virgin Money in a research report on Tuesday, October 17th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Virgin Money presently has an average rating of “Buy” and a consensus target price of GBX 351.43 ($4.77).

Virgin Money (VM) opened at GBX 284 ($3.85) on Wednesday. The firm has a market capitalization of $1,260.00 and a PE ratio of 860.61. Virgin Money has a 52 week low of GBX 250.20 ($3.39) and a 52 week high of GBX 353.30 ($4.79).

In related news, insider Mark Parker sold 83,200 shares of Virgin Money stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of GBX 275 ($3.73), for a total value of £228,800 ($310,279.36).

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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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