Trade Report: The Virgin Money Holdings (UK) PLC (VM) PT Raised to GBX 350 at Barclays PLC

The Virgin Money Holdings (UK) PLC (VM) PT Raised to GBX 350 at Barclays PLC

Virgin Money Holdings (UK) PLC (LON:VM) had its price objective raised by equities research analysts at Barclays PLC from GBX 330 ($4.12) to GBX 350 ($4.37) in a research note issued on Wednesday. The brokerage presently has an “overweight” rating on the stock. Barclays PLC’s price target indicates a potential upside of 9.51% from the company’s current price.

Several other research firms have also recently commented on VM. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 400 ($5.00) target price on shares of Virgin Money Holdings (UK) PLC in a research report on Wednesday, November 2nd. Credit Suisse Group AG reduced their price target on shares of Virgin Money Holdings (UK) PLC from GBX 370 ($4.62) to GBX 275 ($3.44) and set a “neutral” rating for the company in a research note on Wednesday, July 13th. Jefferies Group reaffirmed a “buy” rating and issued a GBX 400 ($5.00) price target on shares of Virgin Money Holdings (UK) PLC in a research note on Tuesday, November 1st. BNP Paribas upped their price target on shares of Virgin Money Holdings (UK) PLC from GBX 350 ($4.37) to GBX 360 ($4.50) and gave the stock an “outperform” rating in a research note on Friday, July 15th. Finally, Numis Securities Ltd reaffirmed a “buy” rating and issued a GBX 490 ($6.12) price target on shares of Virgin Money Holdings (UK) PLC in a research note on Tuesday, July 26th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus 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. 1,602,380 shares of the company’s stock traded hands. The company has a 50-day moving average of GBX 323.47 and a 200-day moving average of GBX 304.70. Virgin Money Holdings has a 52-week low of GBX 196.10 and a 52-week high of GBX 404.70. The company’s market capitalization is GBX 1.42 billion.

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

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