Virgin Money UK’s (VMUK) “Buy” Rating Reiterated at Shore Capital

Shore Capital restated their buy rating on shares of Virgin Money UK (LON:VMUKGet Rating) in a report issued on Thursday, Marketbeat reports.

VMUK has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft restated a buy rating and set a GBX 245 ($3.02) price target on shares of Virgin Money UK in a research note on Wednesday, February 2nd. Royal Bank of Canada reiterated a sector perform rating and issued a GBX 200 ($2.47) target price on shares of Virgin Money UK in a research note on Thursday, March 24th. Barclays increased their price target on shares of Virgin Money UK from GBX 225 ($2.77) to GBX 245 ($3.02) and gave the company an equal weight rating in a report on Friday, May 6th. Morgan Stanley reaffirmed an underweight rating on shares of Virgin Money UK in a report on Thursday, April 14th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Virgin Money UK from GBX 200 ($2.47) to GBX 180 ($2.22) and set a neutral rating for the company in a report on Tuesday, May 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of Hold and an average target price of GBX 228.11 ($2.81).

Shares of VMUK opened at GBX 141.10 ($1.74) on Thursday. The company’s fifty day moving average is GBX 167.42 and its 200-day moving average is GBX 176.97. Virgin Money UK has a 12 month low of GBX 1.46 ($0.02) and a 12 month high of GBX 218.70 ($2.70). The firm has a market cap of £2.04 billion and a price-to-earnings ratio of 3.69.

The business also recently disclosed a dividend, which will be paid on Tuesday, June 21st. Shareholders of record on Thursday, May 19th will be given a GBX 2.50 ($0.03) dividend. This represents a yield of 1.41%. The ex-dividend date is Thursday, May 19th. This is a boost from Virgin Money UK’s previous dividend of $1.00.

In related news, insider Clifford Abrahams acquired 30,000 shares of the stock in a transaction on Friday, March 4th. The stock was purchased at an average price of GBX 171 ($2.11) per share, for a total transaction of £51,300 ($63,239.64).

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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Analyst Recommendations for Virgin Money UK (LON:VMUK)

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