Barclays Reaffirms “Underweight” Rating for Virgin Money UK (LON:VMUK)

Barclays restated their underweight rating on shares of Virgin Money UK (LON:VMUK) in a research report released on Thursday morning, Digital Look reports. The brokerage currently has a GBX 100 ($1.23) target price on the stock.

Several other analysts have also recently commented on the stock. UBS Group reissued a buy rating on shares of Virgin Money UK in a research note on Wednesday. Royal Bank of Canada cut shares of Virgin Money UK to a sector performer rating in a research note on Thursday. Citigroup increased their price target on shares of Virgin Money UK from GBX 120 ($1.48) to GBX 130 ($1.60) and gave the company a buy rating in a research note on Thursday, July 9th. Shore Capital reissued a buy rating on shares of Virgin Money UK in a research note on Tuesday, July 28th. Finally, Deutsche Bank reissued a buy rating on shares of Virgin Money UK in a research note on Wednesday. One research 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. The stock presently has a consensus rating of Hold and an average target price of GBX 151.89 ($1.87).

VMUK opened at GBX 87.46 ($1.08) on Thursday. Virgin Money UK has a one year low of GBX 0.89 ($0.01) and a one year high of GBX 222.10 ($2.73). The company’s 50 day simple moving average is GBX 97.75 and its 200-day simple moving average is GBX 112.49. The stock has a market capitalization of $1.26 billion and a P/E ratio of -4.60.

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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Analyst Recommendations for Virgin Money UK (LON:VMUK)

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