Ian S. Smith Sells 30,365 Shares of Virgin Money UK PLC (LON:VMUK) Stock

Virgin Money UK PLC (LON:VMUK) insider Ian S. Smith sold 30,365 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of GBX 174 ($2.29), for a total value of £52,835.10 ($69,501.58).

Shares of LON VMUK traded up GBX 7.50 ($0.10) during trading hours on Tuesday, reaching GBX 182.85 ($2.41). The stock had a trading volume of 6,103,695 shares. The firm has a market capitalization of $2.62 billion and a price-to-earnings ratio of -10.22. Virgin Money UK PLC has a twelve month low of GBX 134.50 ($1.77) and a twelve month high of GBX 183.90 ($2.42).

VMUK has been the subject of a number of recent research reports. JPMorgan Chase & Co. upped their target price on Virgin Money UK from GBX 150 ($1.97) to GBX 160 ($2.10) and gave the company a “neutral” rating in a research note on Tuesday. HSBC upped their target price on Virgin Money UK from GBX 160 ($2.10) to GBX 210 ($2.76) and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Finally, Shore Capital restated a “buy” rating on shares of Virgin Money UK in a research note on Thursday, November 28th.

About Virgin Money UK

Virgin Money UK PLC, through its subsidiaries, provides retail and business banking products and services to individuals and businesses under the Clydesdale Bank, Yorkshire Bank, B, and Virgin Money brands in the United Kingdom. It operates through SME Banking and Retail Banking segments. The SME Banking segment offers a range of banking products and services, including business current accounts; and secured and unsecured term loans, business overdrafts, and invoice and asset financing products and services.

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