Virgin Money UK (LON:VMUK) Given “Buy” Rating at Shore Capital

Shore Capital reaffirmed their buy rating on shares of Virgin Money UK (LON:VMUKGet Rating) in a research report report published on Monday morning, Marketbeat Ratings reports.

VMUK has been the topic of a number of other research reports. JPMorgan Chase & Co. dropped their price objective on Virgin Money UK from GBX 200 ($2.36) to GBX 165 ($1.95) and set a neutral rating on the stock in a research note on Wednesday, October 12th. Berenberg Bank upgraded Virgin Money UK to a hold rating and set a GBX 170 ($2.01) target price for the company in a research report on Monday, September 26th. Deutsche Bank Aktiengesellschaft reiterated a buy rating and set a GBX 230 ($2.72) target price on shares of Virgin Money UK in a research report on Wednesday, August 3rd. Barclays restated an overweight rating and set a GBX 220 ($2.60) price objective on shares of Virgin Money UK in a research report on Thursday, October 20th. Finally, Royal Bank of Canada restated a sector perform rating and set a GBX 200 ($2.36) price objective on shares of Virgin Money UK in a research report on Thursday, August 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of Hold and an average target price of GBX 207.50 ($2.45).

Virgin Money UK Price Performance

LON:VMUK opened at GBX 159.80 ($1.89) on Monday. Virgin Money UK has a fifty-two week low of GBX 1.46 ($0.02) and a fifty-two week high of GBX 218.70 ($2.59). The stock has a market capitalization of £2.23 billion and a PE ratio of 371.89. The business’s 50-day simple moving average is GBX 137.17 and its 200-day simple moving average is GBX 141.26.

Virgin Money UK Increases Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, March 15th. Shareholders of record on Thursday, February 9th will be paid a GBX 7.50 ($0.09) dividend. This represents a yield of 4.62%. The ex-dividend date of this dividend is Thursday, February 9th. This is a boost from Virgin Money UK’s previous dividend of $2.50. Virgin Money UK’s dividend payout ratio (DPR) is 2.22%.

About Virgin Money UK

(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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