Trading Report: The Virgin Money Holdings (UK) PLC (VM) Rating Reiterated by Jefferies Group

The Virgin Money Holdings (UK) PLC (VM) Rating Reiterated by Jefferies Group

Virgin Money Holdings (UK) PLC (LON:VM)‘s stock had its “buy” rating reaffirmed by analysts at Jefferies Group in a research note issued on Friday. They currently have a GBX 400 ($4.88) price target on the stock. Jefferies Group’s price target suggests a potential upside of 30.76% from the stock’s current price.

Several other research analysts have also weighed in on VM. Shore Capital reiterated a “buy” rating on shares of Virgin Money Holdings (UK) PLC in a research note on Tuesday, July 26th. Macquarie reiterated an “outperform” rating and issued a GBX 343 ($4.18) price objective on shares of Virgin Money Holdings (UK) PLC in a research note on Friday, August 5th. Berenberg Bank dropped their price objective on shares of Virgin Money Holdings (UK) PLC from GBX 400 ($4.88) to GBX 300 ($3.66) and set a “hold” rating on the stock in a research note on Thursday, September 1st. Numis Securities Ltd reiterated a “buy” rating and issued a GBX 370 ($4.51) price objective on shares of Virgin Money Holdings (UK) PLC in a research note on Wednesday, September 28th. Finally, Investec dropped their price objective on shares of Virgin Money Holdings (UK) PLC from GBX 430 ($5.24) to GBX 360 ($4.39) and set a “buy” rating on the stock in a research note on Thursday, July 21st. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of GBX 361.18 ($4.40).

Shares of Virgin Money Holdings (LON:VM) opened at 310.40 on Friday. Virgin Money Holdings has a 52-week low of GBX 196.10 and a 52-week high of GBX 412.60. The company’s market cap is GBX 1.37 billion. The stock has a 50 day moving average of GBX 308.95 and a 200 day moving average of GBX 309.77.

In related news, insider Mark Parker sold 67,184 shares of the company’s stock in a transaction on Wednesday, October 5th. The shares were sold at an average price of GBX 325 ($3.96), for a total transaction of £218,348 ($266,115.78).

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