Virgin Money UK (LON:VMUK) had its price objective raised by stock analysts at HSBC from GBX 160 ($2.09) to GBX 210 ($2.74) in a note issued to investors on Tuesday, ThisIsMoney.Co.Uk reports. The firm currently has a “buy” rating on the stock. HSBC’s price target would suggest a potential upside of 20.27% from the stock’s previous close.
Separately, Shore Capital restated a “buy” rating on shares of Virgin Money UK in a research report on Thursday, November 28th.
VMUK opened at GBX 174.60 ($2.28) on Tuesday. The firm has a market cap of $2.50 billion and a PE ratio of -24.59.
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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