?4.90 Target from Numis26 Jul 2016 21:03
http://www.iii.co.uk/articles/341456/virgin-money-worth-88-more?
Jonathan Goslin at Numis Securities is more cautious on loan growth and impairments, which is why he expects to cut earnings per share estimates by 10-15%. However, he still thinks Virgin is "very good value" as improvements in operating efficiency should underpin "significant balance sheet growth for very little incremental cost".
"We believe there is a near-term opportunity for investors to benefit from a significant improvement in Virgin Money�s underlying fundamentals," he writes, predicting "strong EPS growth over the next three years". That explains the 'buy' rating and 490p price target