Trading Report: The Macquarie Reaffirmed “Outperform” Rating for Virgin Money Holdings (UK) PLC (VM)

The Macquarie Reaffirmed “Outperform” Rating for Virgin Money Holdings (UK) PLC (VM)

Virgin Money Holdings (UK) PLC (LON:VM)‘s stock had its “outperform” rating reiterated by investment analysts at Macquarie in a research report issued to clients and investors on Wednesday. They currently have a GBX 363 ($4.54) price target on the stock. Macquarie’s price target would suggest a potential upside of 13.58% from the stock’s previous close.

A number of other analysts have also recently commented on VM. Jefferies Group reissued a “buy” rating and issued a GBX 400 ($5.00) price target on shares of Virgin Money Holdings (UK) PLC in a research report on Tuesday, November 1st. Shore Capital reissued a “buy” rating on shares of Virgin Money Holdings (UK) PLC in a research report on Tuesday, November 1st. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 400 ($5.00) price target on shares of Virgin Money Holdings (UK) PLC in a research report on Wednesday, November 2nd. Barclays PLC boosted their price target on Virgin Money Holdings (UK) PLC from GBX 330 ($4.12) to GBX 350 ($4.37) and gave the stock an “overweight” rating in a research report on Wednesday, November 2nd. Finally, Numis Securities Ltd reissued a “buy” rating and issued a GBX 370 ($4.62) price target on shares of Virgin Money Holdings (UK) PLC in a research report on Tuesday, November 1st. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Virgin Money Holdings (UK) PLC has a consensus rating of “Buy” and an average target price of GBX 374.42 ($4.68).

Virgin Money Holdings (LON:VM) traded up 0.03% during mid-day trading on Wednesday, reaching GBX 321.30. The company’s stock had a trading volume of 1,602,380 shares. The firm’s market cap is GBX 1.42 billion. The company has a 50-day moving average price of GBX 323.47 and a 200-day moving average price of GBX 304.70. Virgin Money Holdings has a 12-month low of GBX 196.10 and a 12-month high of GBX 404.70.

In other news, insider Mark Parker sold 67,184 shares of the stock in a transaction on Wednesday, October 5th. The stock was sold at an average price of GBX 325 ($4.06), for a total transaction of £218,348 ($272,798.60).

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