The stock of Virgin Money Holdings (UK) PLC (LON:VM) gapped down by GBX 16.5 today and has GBX 293.41 target or 9.00% below today’s GBX 322.43 share price. The 5 months technical chart setup indicates high risk for the GBX 1.31B company. The gap down was reported on Nov, 18 by Barchart.com. If the GBX 293.41 price target is reached, the company will be worth GBX 117.90 million less.
Gaps down are helpful for identifying a resistance level and to could also be used as a tradeable event. If traders are short the stock and it experiece gap down, then its usually advisable to hold the short for a bigger down move. Back-tests of such patterns show that two-thirds of the these patterns the stock performance worsens after the gap. The area gaps close 91% of the time, the breakaway gaps 1%, the continuation gaps 9% and the exhaustion gaps 64%. The stock increased 1.81% or GBX 5.73 on November 18, hitting GBX 322.43. About 11.19 million shares traded hands or 1030.53% up from the average. Virgin Money Holdings (UK) PLC (LON:VM) has declined 7.18% since April 20, 2016 and is downtrending. It has underperformed by 11.61% the S&P500.
Virgin Money Holdings (UK) PLC (LON:VM) Ratings Coverage
Out of 16 analysts covering Virgin Money Holdings Uk Plc (LON:VM), 13 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 81% are positive. Virgin Money Holdings Uk Plc has been the topic of 74 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Credit Suisse maintained it with “Neutral” rating and GBX 275 target price in Wednesday, July 13 report. The company was maintained on Tuesday, September 27 by Goldman Sachs. The stock has “Buy” rating given by Investec on Thursday, January 21. Nomura maintained Virgin Money Holdings (UK) PLC (LON:VM) on Monday, February 29 with “Buy” rating. The firm has “Outperform” rating by Macquarie Research given on Friday, August 5. Citigroup maintained Virgin Money Holdings (UK) PLC (LON:VM) on Friday, March 4 with “Buy” rating. As per Thursday, March 10, the company rating was maintained by Numis Securities. The rating was maintained by Investec on Tuesday, July 28 with “Buy”. The firm has “Hold” rating by Berenberg given on Tuesday, March 15. On Wednesday, November 2 the stock rating was maintained by Macquarie Research with “Outperform”.
More recent Virgin Money Holdings (UK) PLC (LON:VM) news were published by: Bloomberg.com which released: “Wilbur Ross’s Firm Exits U.K.’s Virgin Money With Stake Sale” on November 17, 2016. Also Fool.Co.Uk published the news titled: “Why Barclays plc just can’t compete with Virgin Money Holdings (UK) plc” on August 12, 2016. Fool.Co.Uk‘s news article titled: “Bellway plc, Interserve plc & Virgin Money Holdings (UK) plc still show huge …” with publication date: June 27, 2016 was also an interesting one.
Virgin Money Holdings plc is a United Kingdom retail-only bank. The company has a market cap of 1.31 billion GBP. The Firm is focused on providing residential mortgages, savings and credit cards. It has a 11.44 P/E ratio. The Firm also offers a range of investment and insurance products.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.