Virgin Money UK (LON:VMUK) Downgraded by Royal Bank of Canada to Sector Performer

Virgin Money UK (LON:VMUK) was downgraded by research analysts at Royal Bank of Canada to a “sector performer” rating in a research note issued on Wednesday, ThisIsMoney.Co.Uk reports.

Several other research analysts have also commented on VMUK. Barclays cut their price target on shares of Virgin Money UK from GBX 165 ($2.03) to GBX 85 ($1.05) and set an “underweight” rating on the stock in a report on Thursday, April 16th. Goldman Sachs Group cut their target price on shares of Virgin Money UK from GBX 180 ($2.22) to GBX 100 ($1.23) and set a “neutral” rating on the stock in a research note on Tuesday, March 31st. JPMorgan Chase & Co. decreased their price target on shares of Virgin Money UK from GBX 160 ($1.97) to GBX 110 ($1.35) and set a “neutral” rating for the company in a research report on Friday, April 24th. Citigroup reiterated a “buy” rating on shares of Virgin Money UK in a report on Tuesday, May 12th. Finally, Shore Capital restated a “buy” rating on shares of Virgin Money UK in a research note on Wednesday, June 3rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. Virgin Money UK has an average rating of “Hold” and a consensus target price of GBX 154.63 ($1.90).

LON:VMUK opened at GBX 92.12 ($1.13) on Wednesday. The company has a market cap of $1.32 billion and a P/E ratio of -4.85. The firm’s 50 day moving average is GBX 89.80 and its two-hundred day moving average is GBX 127.27. Virgin Money UK has a fifty-two week low of GBX 46.10 ($0.57) and a fifty-two week high of GBX 222.10 ($2.73).

Virgin Money UK Company Profile

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.

Further Reading: Earnings Per Share

Analyst Recommendations for Virgin Money UK (LON:VMUK)

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