Morgan Stanley Reaffirms Underweight Rating for Virgin Money UK (LON:VMUK)

Morgan Stanley reaffirmed their underweight rating on shares of Virgin Money UK (LON:VMUKGet Rating) in a research report report published on Thursday morning, reports.

Several other equities research analysts have also weighed in on the company. Royal Bank of Canada restated a sector perform rating and issued a GBX 200 ($2.61) target price on shares of Virgin Money UK in a report on Thursday, March 24th. Barclays lowered Virgin Money UK to an equal weight rating and cut their price target for the stock from GBX 250 ($3.26) to GBX 225 ($2.93) in a report on Tuesday, April 5th. Shore Capital reiterated a buy rating on shares of Virgin Money UK in a report on Thursday, March 10th. JPMorgan Chase & Co. upgraded Virgin Money UK to a neutral rating and upped their price target for the stock from GBX 190 ($2.48) to GBX 200 ($2.61) in a report on Tuesday, March 29th. Finally, Deutsche Bank Aktiengesellschaft reiterated a buy rating and set a GBX 245 ($3.19) price target on shares of Virgin Money UK in a report on Wednesday, February 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Virgin Money UK currently has an average rating of Hold and an average target price of GBX 228.11 ($2.97).

VMUK opened at GBX 166.85 ($2.17) on Thursday. The business has a 50 day moving average price of GBX 181.85 and a 200 day moving average price of GBX 183.82. Virgin Money UK has a twelve month low of GBX 151.05 ($1.97) and a twelve month high of GBX 218.70 ($2.85). The firm has a market cap of £2.41 billion and a P/E ratio of 6.11.

In other news, insider Clifford Abrahams acquired 30,000 shares of the stock in a transaction dated Friday, March 4th. The shares were acquired at an average cost of GBX 171 ($2.23) per share, for a total transaction of £51,300 ($66,849.10).

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.

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