Virgin Money UK PLC (LON:VMUK – Get Free Report) shares shot up 0.3% during mid-day trading on Tuesday . The company traded as high as GBX 160.30 ($2.03) and last traded at GBX 158.70 ($2.01). 1,212,779 shares traded hands during mid-day trading, a decline of 15% from the average session volume of 1,419,941 shares. The stock had previously closed at GBX 158.30 ($2.01).
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on VMUK. Shore Capital reaffirmed a “buy” rating on shares of Virgin Money UK in a report on Tuesday, February 6th. Berenberg Bank cut their price objective on shares of Virgin Money UK from GBX 220 ($2.79) to GBX 200 ($2.54) and set a “hold” rating on the stock in a report on Monday, November 27th. Barclays cut their price objective on shares of Virgin Money UK from GBX 210 ($2.66) to GBX 195 ($2.47) and set an “equal weight” rating on the stock in a report on Friday, November 17th. Finally, Citigroup cut their price objective on shares of Virgin Money UK from GBX 265 ($3.36) to GBX 180 ($2.28) and set a “buy” rating on the stock in a report on Monday, November 27th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Virgin Money UK has a consensus rating of “Hold” and a consensus target price of GBX 198.75 ($2.52).
Read Our Latest Research Report on Virgin Money UK
Virgin Money UK Stock Up 0.3 %
The company has a market cap of £2.06 billion, a price-to-earnings ratio of 881.67, a PEG ratio of 4.28 and a beta of 1.88. The business’s fifty day simple moving average is GBX 157.47 and its two-hundred day simple moving average is GBX 158.57.
Virgin Money UK Cuts Dividend
The firm also recently announced a dividend, which will be paid on Wednesday, March 20th. Stockholders of record on Thursday, February 22nd will be given a dividend of GBX 2 ($0.03) per share. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a dividend yield of 1.27%. Virgin Money UK’s dividend payout ratio (DPR) is presently 2,777.78%.
Insider Transactions at Virgin Money UK
In other news, insider David Duffy sold 101,375 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of GBX 152 ($1.93), for a total transaction of £154,090 ($195,446.47). In other news, insider David Duffy sold 101,375 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of GBX 152 ($1.93), for a total transaction of £154,090 ($195,446.47). Also, insider Clifford Abrahams sold 30,806 shares of Virgin Money UK stock in a transaction on Friday, December 8th. The shares were sold at an average price of GBX 152 ($1.93), for a total transaction of £46,825.12 ($59,392.59). Over the last ninety days, insiders have sold 203,522 shares of company stock worth $32,076,800. Insiders own 19.42% of the company’s stock.
About Virgin Money UK
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; risk management; asset and invoice finance services; international trade services; and home, car, and life and critical illness insurance products.
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