Virgin Money (LON:VM) had its price target reduced by Jefferies Group from GBX 430 ($5.79) to GBX 360 ($4.85) in a research note released on Friday, November 17th. Jefferies Group currently has a buy rating on the stock.
Other research analysts have also recently issued research reports about the company. Citigroup restated a buy rating and issued a GBX 370 ($4.98) price target on shares of Virgin Money in a research report on Friday, July 21st. Investec restated a buy rating and issued a GBX 395 ($5.32) price target on shares of Virgin Money in a research report on Tuesday, October 17th. Shore Capital restated a buy rating on shares of Virgin Money in a research report on Tuesday, October 17th. Numis Securities restated a hold rating and issued a GBX 290 ($3.90) price target on shares of Virgin Money in a research report on Tuesday, July 25th. Finally, Royal Bank Of Canada dropped their price target on Virgin Money from GBX 430 ($5.79) to GBX 400 ($5.38) and set an outperform rating for the company in a research report on Monday, September 4th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company has an average rating of Buy and an average price target of GBX 353.21 ($4.75).
Shares of Virgin Money (LON VM) traded up GBX 1.10 ($0.01) during mid-day trading on Friday, hitting GBX 274.30 ($3.69). The stock had a trading volume of 860,673 shares, compared to its average volume of 1,640,000. Virgin Money has a one year low of GBX 250.20 ($3.37) and a one year high of GBX 353.30 ($4.76).
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Virgin Money Holdings (UK) plc is a United Kingdom-based retail bank. The Company is engaged in the business of residential mortgages, savings and credit cards. The Company provides residential and buy-to-let mortgages and credit cards to customers across the United Kingdom. Mortgages are sold primarily through its intermediary partners and retail deposits are originated directly through its digital channel.
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