Virgin Money UK (LON:VMUK) receives a “Buy” rating from Shore Capital

Virgin Money UK (LON:VMUK – Get a rating)The stock had its “buy” rating restated by research analysts Shore Capital in a report released Thursday, Digital appearance reports.

Other research analysts have also recently published reports on the company. Morgan Stanley reiterated an “underweight” rating on Virgin Money UK shares in a Thursday, April 14 research report. Royal Bank of Canada reworded an “industry performance” rating and issued a target price of GBX 200 ($2.45) on Virgin Money UK shares in a report on Thursday, March 24. Barclays reiterated an “equal weight” rating and issued a target price of 245 GBX ($3.00) on Virgin Money UK shares in a Monday May 23 report. JPMorgan Chase & Co. lowered its price target on Virgin Money UK shares from 200 GBX ($2.45) to 180 GBX ($2.20) and set a ‘neutral’ rating for the company in a report Tuesday, May 10. Finally, Liberum Capital reworded a “buy” rating and published a target price of GBX 260 ($3.18) on Virgin Money UK shares in a Friday, April 1 report. One financial analyst gave the stock a sell rating, four gave the company a hold rating and five gave the company a buy rating. Based on data from MarketBeat.com, Virgin Money UK has a consensus rating of “Hold” and an average target price of GBX 226.44 ($2.77).

LON VMUK opened Thursday at 129.60 GBX ($1.59). The company has a market capitalization of £1.87 billion and a P/E ratio of 3.40. Virgin Money UK has a one-year minimum of 1.46 GBX ($0.02) and a one-year maximum of 218.70 GBX ($2.68). The stock has a 50-day moving average price of 152.93 GBX and a 200-day moving average price of 171.75 GBX.

In other news, insider David Duffy sold 6,572 shares of Virgin Money UK in a trade that took place on Monday June 20. The shares were sold at an average price of 127 GBX ($1.56), for a total value of £8,346.44 ($10,223.47).

About Virgin Money UK (Get a rating)

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

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