Virgin Money UK (LON:VMUK) receives a buy rating from Shore Capital


Virgin Money UK (LON:VMFRGet a rating)The stock had its “buy” rating restated by analysts at Shore Capital in a research report published on Friday, market beat reports.

VMUK has been the subject of a number of other research reports. Morgan Stanley reissued an “underweight” rating on Virgin Money UK shares in a Thursday, April 14 report. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a price target of 245 GBX ($3.19) on Virgin Money UK shares in a Wednesday, February 2, report. Royal Bank of Canada reaffirmed an “industry performance” rating and set a price target of 200 GBX ($2.60) for Virgin Money UK shares in a Thursday, March 24 research report. JPMorgan Chase & Co. upgraded Virgin Money UK to a ‘neutral’ rating and raised its price target for the stock from GBX 190 ($2.47) to GBX 200 ($2.60) in a research report Tuesday, March 29. Finally, Barclays reaffirmed an “equal weight” rating and set a GBX 225 ($2.93) price target on Virgin Money UK shares in a research report on Wednesday. One investment analyst has assigned the stock a sell rating, four have issued a hold rating and five have assigned the company a buy rating. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of GBX 228.11 ($2.97).

Virgin Money shares in the UK opened at 172.60 GBX ($2.25) on Friday. Virgin Money UK has a 52 week minimum of 151.05 GBX ($1.97) and a 52 week maximum of 218.70 GBX ($2.85). The stock has a market capitalization of £2.49 billion and a P/E ratio of 6.32. The stock has a fifty-day moving average of 177.90 GBX and a 200-day moving average of 182.77 GBX.

Separately, insider Clifford Abrahams bought 30,000 shares of Virgin Money UK in a trade on Friday March 4. The shares were purchased at an average price of 171 GBX ($2.22) per share, for a total transaction of £51,300 ($66,744.73).

About Virgin Money UK (Get a rating)

Virgin Money UK PLC provides banking products and services to consumers and small and medium-sized businesses under the Clydesdale Bank, Yorkshire Bank and Virgin Money brands in the UK. The company offers savings and current accounts, mortgages, credit cards and home loans. corporate loans, overdraft facilities, cash solutions, corporate and structured finance; asset financing and wealth referencing services; risk management; international trade services; money services, pensions and investment and protection products; and home, auto, travel, life and critical illness insurance products.

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