Virgin Money UK (LON:VMUK) Rating Increased to Hold at Berenberg Bank


Virgin Money UK (LON:VMUK – Valuation Received) was upgraded to a “hold” rating by research analysts at Berenberg Bank in a research note published on Monday, reports Marketbeat Ratings. The brokerage currently has a target price of GBX 170 ($2.05) on the stock. Berenberg Bank’s price target indicates a potential upside of 29.52% from the stock’s current price.

Other equities analysts have also issued reports on the stock. Shore Capital reiterated a ‘buy’ rating on shares of Virgin Money UK in a research note on Tuesday 2nd August. Deutsche Bank Aktiengesellschaft confirmed in a report on Wednesday 3 that JPMorgan Chase & Co. had raised its target price on Virgin Money UK shares to GBX 200 (USD 2.42) from GBX 190 (USD 2.30) and rated the company as “neutral” in a research note on Wednesday 14 September. The Royal Bank of Canada reiterated a sector perform rating and a price target of GBX 200 ($2.42) on shares of Virgin Money UK in a research note on Thursday, August 4th. Finally, Barclays raised its price target on shares of Virgin Money UK from GBX 200 ($2.42) to GBX 220 ($2.66) and rated the stock as “overweight” in a research report on Wednesday, August 3 . One research analyst has assigned a sell rating to the stock, three have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 221.44 ($2.68).

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Virgin Money UK stock performance

VMUK opened at GBX 131.25 ($1.59) on Monday. The company has a 50-day moving average price of GBX148.38 and a 200-day moving average price of GBX152.37. Virgin Money UK has a 52-week low of GBX 1.46 ($0.02) and a 52-week high of GBX 218.70 ($2.64). The company has a market cap of £1.87 billion and a P/E of 298.30.

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Insider buying and selling

In other news, insider Clifford Abrahams bought 30,000 shares of Virgin Money UK in a transaction that took place on Friday 5th August. The shares were acquired at an average price of GBX 154 ($1.86) per share for a total transaction of £46,200 ($55,824.07).

About Virgin Money UK

(received rating)

Virgin Money UK PLC provides banking products and services to consumers and small and medium-sized businesses in the UK under the Clydesdale Bank, Yorkshire Bank and Virgin Money brands. The company offers savings and checking accounts, mortgages, credit cards, and home loans; commercial credit, overdraft facilities, treasury solutions, and corporate and structured finance; wealth financing and wealth brokerage; risk management; international trade services; currency services, pensions and investment and protection products; and home, auto, travel, and life and life insurance products.

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Analyst Recommendations for Virgin Money UK (LON:VMUK)

This instant news alert was generated by MarketBeat’s narrative science technology and financial data to provide readers with the fastest, most accurate reporting. This story was reviewed by the MarketBeat editorial team prior to publication. Please send questions or comments about this story to [email protected]

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