Virgin Money UK (VMUK) Sector perform rating reaffirmed at Royal Bank of Canada
Virgin Money UK (LON:VMUK – Get an assessment)The stock had its “sector performance” rating reissued by Royal Bank of Canada in a report released Thursday, reports Digital Look. They currently have a GBX 200 ($2.63) price target on the stock. Royal Bank of Canada’s price target suggests a potential upside of 12.61% from the company’s previous close.
A number of other research analysts have also weighed in on VMUK. Shore Capital reaffirmed a “buy” rating on Virgin Money UK shares in a Thursday, March 10 report. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a price target of GBX 190 ($2.50) on Virgin Money UK shares in a Wednesday, January 12 report. Barclays reaffirmed an “overweight” rating and set a price target of 250 GBX ($3.29) on Virgin Money UK shares in a Monday, February 21 report. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a price target of 245 GBX ($3.23) on Virgin Money UK shares in a Wednesday, February 2 report. Two research analysts rated the stock with a sell rating, two issued a hold rating and six assigned the company a buy rating. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of GBX 229.78 ($3.02).
Virgin Money UK shares were down 1.20 GBX ($0.02) during Thursday trading hours, hitting 177.60 GBX ($2.34). 822,173 shares of the company were traded, against an average volume of 3,089,749. Virgin Money UK has a 1-year low of 151.05 GBX ($1.99) and a 1-year high of 218.70 GBX ($2.88). The company has a 50-day moving average of 187.80 GBX and a 200-day moving average of 187.28 GBX. The stock has a market capitalization of £2.56 billion and a price-earnings ratio of 6.51.
In other news, insider Clifford Abrahams bought 30,000 shares in a trade on Friday, March 4. The shares were purchased at an average price of 171 GBX ($2.25) per share, with a total value of £51,300 ($67,535.55).
Virgin Money UK Company Profile (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 B and Virgin Money brands in the UK. The company offers savings accounts, mortgages, credit cards, checking accounts and home loans. corporate loans, overdraft facilities, cash solutions and corporate and structured finance; asset financing and wealth referencing services; international trade services; money services, pensions and investment and protection products; and home, auto, travel, life and critical illness insurance.
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