Virgin Money UK (LON:VMUK) Rating Reiterated by Royal Bank of Canada

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Virgin Money UK (LON:VMUKGet Rating)‘s stock had its “sector perform” rating reiterated by research analysts at Royal Bank of Canada in a research note issued to investors on Thursday, Marketbeat Ratings reports. They presently have a GBX 200 ($2.45) price target on the stock. Royal Bank of Canada’s price target would suggest a potential upside of 30.00% from the company’s previous close.

A number of other analysts also recently commented on the stock. Barclays boosted their price target on shares of Virgin Money UK from GBX 200 ($2.45) to GBX 220 ($2.70) and gave the stock an “overweight” rating in a research report on Wednesday. JPMorgan Chase & Co. lifted their price objective on shares of Virgin Money UK from GBX 180 ($2.21) to GBX 190 ($2.33) and gave the stock a “neutral” rating in a research note on Friday, July 1st. Morgan Stanley reaffirmed an “underweight” rating on shares of Virgin Money UK in a research note on Thursday, April 14th. Shore Capital reaffirmed a “buy” rating on shares of Virgin Money UK in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 230 ($2.82) price objective on shares of Virgin Money UK in a research note on Wednesday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 226.63 ($2.78).

Virgin Money UK Trading Up 0.3 %

VMUK stock opened at GBX 153.85 ($1.89) on Thursday. Virgin Money UK has a 52 week low of GBX 1.46 ($0.02) and a 52 week high of GBX 218.70 ($2.68). The company has a market capitalization of £2.21 billion and a price-to-earnings ratio of 349.66. The firm’s 50-day moving average is GBX 137.89 and its two-hundred day moving average is GBX 162.77.

Insider Transactions at Virgin Money UK

In other news, insider David Duffy sold 6,572 shares of Virgin Money UK stock in a transaction that occurred on Monday, June 20th. The shares were sold at an average price of GBX 127 ($1.56), for a total value of £8,346.44 ($10,227.23).

Virgin Money UK Company Profile

(Get Rating)

Virgin Money UK PLC provides banking products and services for consumers, and small and medium sized businesses under the Clydesdale Bank, Yorkshire Bank, and Virgin Money brands in the United Kingdom. The company offers savings and current accounts, mortgages, credit cards, and home loans; business loans, overdraft facilities, treasury solutions, and corporate and structured finance; asset finance and wealth referral services; risk management; international trade services; currency services, pensions, and investments and protection products; and home, car, travel, and life and critical illness insurance products.

Further Reading

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