Virgin Money UK PLC (LON: VMUK – Get a rating) received a consensus “moderate buy” recommendation from the ten rating companies that currently cover the stock, MarketBeat reports. One research analyst rated the stock with a sell rating, three gave the company a hold rating and six gave the company a buy rating. The 12-month average target price among brokers who updated their coverage on the stock in the past year is 224.75 GBX ($2.71).
A number of equity research analysts have weighed in on VMUK shares recently. Shore Capital reaffirmed a “buy” rating on Virgin Money UK shares in a Thursday, June 23 research note. Barclays upgraded Virgin Money UK shares to an ‘overweight’ rating and lowered its price target for the company from 245 GBX ($2.95) to 200 GBX ($2.41) in a Thursday, June 30 report . Deutsche Bank Aktiengesellschaft lowered its price target on Virgin Money UK shares from 245 GBX ($2.95) to 230 GBX ($2.77) and set a “buy” rating for the company in a report from the Monday May 30. Morgan Stanley reiterated an “underweight” rating on Virgin Money UK shares in a Thursday, April 14 report. Finally, Royal Bank of Canada lowered its price target on Virgin Money UK shares from 200 GBX ($2.41) to 180 GBX ($2.17) and set an “industry performance” rating for the company in a Monday, June 27 report.
Price performance of Virgin Money in the UK
VMUK shares opened at 143.20 GBX ($1.73) on Friday. The company has a market capitalization of £2.06 billion and a PE ratio of 325.45. The company’s 50-day moving average is 138.07 GBX and its 200-day moving average is 164.08 GBX. Virgin Money UK has a fifty-two week minimum of 122.70 GBX ($1.48) and a fifty-two week maximum of 218.70 GBX ($2.63).
Virgin Money UK increases its dividend
The company also recently declared a dividend, which was paid on Tuesday, June 21. Shareholders of record on Thursday, May 19 received a dividend of 2.50 GBX ($0.03). This represents a dividend yield of 1.41%. The ex-dividend date was Thursday, May 19. This is a positive change from Virgin Money UK’s previous dividend of $1.00. Virgin Money UK’s payout rate is currently 909.09%.
Insider buying and selling
In other Virgin Money UK news, insider David Duffy sold 6,572 shares of the company in a trade dated Monday June 20. The stock was sold at an average price of 127 GBX ($1.53), for a total transaction of £8,346.44 ($10,055.95).
Virgin Money UK Company Profile
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 and 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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