Virgin Money UK (VMUK)

Sector:

Banking

Index:

FTSE 250

212.80p
   
  • Change Today:
    -0.40p
  • 52 Week High: 216.20p
  • 52 Week Low: 141.90p
  • Currency: UK Pounds
  • Shares Issued: 1,296.47m
  • Volume: 8,576,877
  • Market Cap: £2,758.89m
  • RiskGrade: 273

Barclays double-upgrades Virgin Money to 'overweight'

By Michele Maatouk

Date: Wednesday 18 Nov 2020

LONDON (ShareCast) - (Sharecast News) - Barclays upgraded its stance on shares of Virgin Money on Wednesday to 'overweight' from 'underweight' and hiked the price target to 165p from 100p.
The bank said it reckons Virgin Money is best placed to enjoy a mortgage tailwind, which it sees as sustainable from 2021, alongside asset quality better than many peers.

"We see long-term value from strong pre-provision operating profit recovery, with Virgin Money on course for double-digit returns beyond 2022," Barclays said.

"Despite the recent share price rally, we think valuation is attractive at 6.1x 2022e earnings (versus sector at 8.6x) or 0.6x TNAV for a 9.7% return on tangible equity."

At 0955 GMT, the shares were up 4.5% at 148p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Virgin Money UK Market Data

Currency UK Pounds
Share Price 212.80p
Change Today -0.40p
% Change -0.19 %
52 Week High 216.20p
52 Week Low 141.90p
Volume 8,576,877
Shares Issued 1,296.47m
Market Cap £2,758.89m
RiskGrade 273

Virgin Money UK Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
98.54% above the market average98.54% above the market average98.54% above the market average98.54% above the market average98.54% above the market average
5.88% below the sector average5.88% below the sector average5.88% below the sector average5.88% below the sector average5.88% below the sector average
Price Trend
89.23% above the market average89.23% above the market average89.23% above the market average89.23% above the market average89.23% above the market average
88.24% above the sector average88.24% above the sector average88.24% above the sector average88.24% above the sector average88.24% above the sector average
Income
42.07% above the market average42.07% above the market average42.07% above the market average42.07% above the market average42.07% above the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Growth
65% below the market average65% below the market average65% below the market average65% below the market average65% below the market average
76.47% below the sector average76.47% below the sector average76.47% below the sector average76.47% below the sector average76.47% below the sector average

What The Brokers Say

Strong Buy 1
Buy 1
Neutral 10
Sell 1
Strong Sell 0
Total 13
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Virgin Money UK Dividends

  Latest Previous
  Final Interim
Ex-Div 22-Feb-24 18-May-23
Paid 20-Mar-24 21-Jun-23
Amount 2.00p 3.30p

Trades for 23-May-2024

Time Volume / Share Price
15:43 700,000 @ 212.70p
16:52 2,850 @ 212.80p
16:47 32,109 @ 212.71p
16:39 700,000 @ 212.81p
16:39 700,000 @ 212.70p

Virgin Money UK Key Personnel

Chair David J Bennett

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