Virgin Money’s (VM) Buy Rating Reaffirmed at Citigroup

Citigroup reaffirmed their buy rating on shares of Virgin Money (LON:VM) in a report released on Monday morning.

VM has been the topic of a number of other research reports. Investec reaffirmed a buy rating and issued a GBX 395 ($5.46) price objective on shares of Virgin Money in a research report on Tuesday, October 17th. Numis Securities reaffirmed a hold rating and issued a GBX 290 ($4.01) price objective on shares of Virgin Money in a research report on Wednesday, October 18th. Deutsche Bank assumed coverage on shares of Virgin Money in a research report on Wednesday, January 10th. They issued a hold rating and a GBX 305 ($4.21) price objective on the stock. Barclays reaffirmed an overweight rating and issued a GBX 360 ($4.97) price objective on shares of Virgin Money in a research report on Wednesday, October 18th. Finally, Shore Capital reaffirmed a buy rating on shares of Virgin Money in a research report on Friday, December 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company. Virgin Money presently has an average rating of Buy and a consensus target price of GBX 338.33 ($4.67).

Virgin Money (LON:VM) opened at GBX 259.30 ($3.58) on Monday. Virgin Money has a 12-month low of GBX 250.20 ($3.46) and a 12-month high of GBX 353.30 ($4.88). The stock has a market cap of $1,150.00 and a P/E ratio of 785.76.

In other Virgin Money news, insider Mark Parker sold 83,200 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of GBX 275 ($3.80), for a total transaction of £228,800 ($316,109.42).

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Virgin Money Company Profile

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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