Virgin Money UK (LON:VM) Receives Underperform Rating from Royal Bank of Canada

Virgin Money UK (LON:VM)‘s stock had its “underperform” rating restated by Royal Bank of Canada in a note issued to investors on Tuesday, May 8th.

VM has been the topic of a number of other research reports. Citigroup restated a “buy” rating on shares of Virgin Money UK in a research report on Monday, February 12th. Morgan Stanley boosted their price target on shares of Virgin Money UK from GBX 345 ($4.63) to GBX 365 ($4.90) and gave the stock an “overweight” rating in a research report on Wednesday, May 2nd. Deutsche Bank initiated coverage on shares of Virgin Money UK in a research report on Wednesday, January 10th. They set a “hold” rating and a GBX 305 ($4.09) target price on the stock. HSBC started coverage on shares of Virgin Money UK in a research report on Friday, April 13th. They set a “hold” rating and a GBX 290 ($3.89) target price on the stock. Finally, Credit Suisse Group restated a “neutral” rating and set a GBX 305 ($4.09) price target on shares of Virgin Money UK in a research note on Wednesday, May 2nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 328.88 ($4.41).

Virgin Money UK traded up GBX 5.60 ($0.08), reaching GBX 344.30 ($4.62), during mid-day trading on Tuesday, Marketbeat Ratings reports. 2,020,903 shares of the company’s stock were exchanged, compared to its average volume of 2,060,000. Virgin Money UK has a one year low of GBX 250.20 ($3.36) and a one year high of GBX 339.60 ($4.56).

In related news, insider Mark Parker sold 42,436 shares of the firm’s stock in a transaction on Wednesday, March 28th. The stock was sold at an average price of GBX 259 ($3.48), for a total value of £109,909.24 ($147,469.80). Also, insider Jayne-Anne Gadhia sold 83,004 shares of the firm’s stock in a transaction on Thursday, March 22nd. The stock was sold at an average price of GBX 262 ($3.52), for a total value of £217,470.48 ($291,789.19).

About Virgin Money UK

Virgin Money Holdings (UK) plc engages in the retail banking business primarily in the United Kingdom. The company offers current accounts; savings accounts, including cash individual savings accounts (ISAs), easy access accounts, fixed term accounts, limited access accounts, and children's accounts; first time buyer, buy-to-let, remortgaging, and moving home mortgages; balance and money transfer, purchase, and other credit cards, as well as money prepaid cards; life, pet, travel, and home insurance; and personal, children, and workplace pensions, as well as other pensions and retirement products.

Analyst Recommendations for Virgin Money UK (LON:VM)

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