Virgin Money UK (LON:VMUK) Given “Equal Weight” Rating at Barclays

Virgin Money UK (LON:VMUKGet Rating)‘s stock had its “equal weight” rating reissued by investment analysts at Barclays in a report issued on Wednesday, MarketBeat Ratings reports. They presently have a GBX 225 ($2.93) price objective on the stock. Barclays‘s price objective points to a potential upside of 30.84% from the stock’s previous close.

Several other research analysts also recently weighed in on the company. JPMorgan Chase & Co. upgraded Virgin Money UK to a “neutral” rating and upped their price target for the stock from GBX 190 ($2.47) to GBX 200 ($2.60) in a research note on Tuesday, March 29th. Liberum Capital restated a “buy” rating and issued a GBX 260 ($3.38) price target on shares of Virgin Money UK in a research note on Friday, April 1st. Shore Capital restated a “buy” rating on shares of Virgin Money UK in a research note on Thursday, March 10th. Morgan Stanley restated an “underweight” rating on shares of Virgin Money UK in a research note on Thursday, April 14th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 245 ($3.19) price target on shares of Virgin Money UK in a research note on Wednesday, February 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of GBX 228.11 ($2.97).

Shares of LON:VMUK opened at GBX 171.97 ($2.24) on Wednesday. The stock has a 50 day moving average of GBX 179.61 and a 200 day moving average of GBX 183.20. Virgin Money UK has a 12-month low of GBX 151.05 ($1.97) and a 12-month high of GBX 218.70 ($2.85). The company has a market cap of £2.48 billion and a PE ratio of 6.31.

In other news, insider Clifford Abrahams bought 30,000 shares of the stock in a transaction dated Friday, March 4th. The stock was purchased at an average cost of GBX 171 ($2.22) per share, for a total transaction of £51,300 ($66,744.73).

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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Analyst Recommendations for Virgin Money UK (LON:VMUK)

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