Virgin Money UK PLC 23.2% potential upside indicated by RBC Capital Markets

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Virgin Money UK PLC with ticker (LON:VMUK) now has a potential upside of 23.2% according to RBC Capital Markets.



RBC Capital Markets set a target price of 200 GBX for the company, which when compared to the Virgin Money UK PLC share price of 154 GBX at opening today (09/08/2022) indicates a potential upside of 23.2%. Trading has ranged between 123 (52 week low) and 219 (52 week high) with an average of 3,340,255 shares exchanging hands daily. The market capitalisation at the time of writing is £2,222,137,848.

Virgin Money UK PLC is a United Kingdom-based full-service digital bank. The Company operates under the Clydesdale Bank, Yorkshire Bank and Virgin Money brands. The Company operates under three commercial lines, which include Mortgages, Unsecured and Business. It offers various products and services to meet a range of customers, retail and business banking needs. Its products include current accounts, savings, loans, investments, insurance, cards, mortgages, pensions, private banking, and business accounts, among others. It provides car loans, home improvement loans, and debt consolidation loans. It offers investments in unit trusts and stocks and shares ISAs. Its insurance products include life insurance and travel insurance. The Company has a range of options available to support customers, including support through the United Kingdom government’s Bounce Back Loan Scheme (BBLS) and the Coronavirus Business Interruption Loan Scheme (CBILS).



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    Virgin Money UK PLC (LON:VMUK) has announced an interim dividend for FY 2024. Shareholders can expect a payment on 30 July 2024. Ex-dividend date is 27 June 2024.
    Nationwide Building Society and Virgin Money UK PLC have reached a preliminary agreement for a potential cash acquisition, creating a combined group with total assets of approximately £366.3 billion.
    Virgin Money UK plc (LON:VMUK) has released its Q1 2024 trading update, showing positive results in line with their guidance and strong business momentum. They have experienced targeted growth in customer lending and stable margins, with improving sentiment in the mortgage market.

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