Paragon Banking Group (LON:PAG) Shares Cross Above 200 Day Moving Average – What’s Next?

Paragon Banking Group PLC (LON:PAG) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 861.94 and traded as high as GBX 871. Paragon Banking Group shares last traded at GBX 870.50, with a volume of 374,845 shares traded.

Analyst Ratings Changes

A number of brokerages have issued reports on PAG. Royal Bank Of Canada restated an “outperform” rating and set a GBX 1,050 price objective on shares of Paragon Banking Group in a research report on Wednesday, January 28th. UBS Group reissued a “buy” rating and set a GBX 1,020 target price on shares of Paragon Banking Group in a research report on Friday, January 16th. Finally, Shore Capital Group increased their price target on Paragon Banking Group from GBX 1,040 to GBX 1,055 and gave the company a “buy” rating in a report on Tuesday, January 27th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,028.20.

Paragon Banking Group Price Performance

The firm has a market cap of £1.64 billion, a PE ratio of 9.90, a price-to-earnings-growth ratio of 0.50 and a beta of 1.52. The company has a 50-day simple moving average of GBX 872.12 and a 200-day simple moving average of GBX 861.94.

Paragon Banking Group (LON:PAG) last issued its quarterly earnings results on Friday, January 16th. The company reported GBX 91.20 earnings per share (EPS) for the quarter. Paragon Banking Group had a return on equity of 14.13% and a net margin of 25.14%. As a group, equities research analysts predict that Paragon Banking Group PLC will post 104.0245566 earnings per share for the current year.

Paragon Banking Group announced that its Board of Directors has initiated a share buyback plan on Wednesday, December 3rd that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

Insider Transactions at Paragon Banking Group

In related news, insider Richard Woodman purchased 18,436 shares of Paragon Banking Group stock in a transaction that occurred on Thursday, December 4th. The shares were bought at an average price of GBX 785 per share, with a total value of £144,722.60. Also, insider Nigel S. Terrington acquired 30,280 shares of the firm’s stock in a transaction that occurred on Thursday, December 4th. The shares were bought at an average price of GBX 785 per share, with a total value of £237,698. Over the last 90 days, insiders bought 63,716 shares of company stock worth $50,362,060. Company insiders own 1.99% of the company’s stock.

Paragon Banking Group Company Profile

Paragon is a specialist banking group. It offers a range of savings accounts and provide finance for landlords and small
and medium-sized businesses (‘SMEs’) and residential property developers in the UK. Founded in 1985 and listed on the
London Stock Exchange, it is a FTSE-250 company. Headquartered in Solihull, it employs more than 1,400 people.
Its operations are organised into two lending divisions and lending is funded largely by retail deposits.