Paragon Banking Group PLC (LON:PAG) Receives Consensus Rating of “Buy” from Brokerages

Paragon Banking Group PLC (LON:PAG) has been given a consensus rating of “Buy” by the six analysts that are covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a buy recommendation. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is GBX 1,040.17.

A number of analysts recently weighed in on PAG shares. UBS Group reissued a “buy” rating and issued a GBX 1,035 price objective on shares of Paragon Banking Group in a research report on Friday, May 29th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 1,000 price objective on shares of Paragon Banking Group in a research report on Tuesday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 1,100 price objective on shares of Paragon Banking Group in a research report on Wednesday. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 1,050 price objective on shares of Paragon Banking Group in a research report on Wednesday.

Paragon Banking Group Stock Performance

Paragon Banking Group stock opened at GBX 750.50 on Wednesday. The company has a debt-to-equity ratio of 120.17, a current ratio of 0.28 and a quick ratio of 1.48. Paragon Banking Group has a 1-year low of GBX 681.50 and a 1-year high of GBX 981. The firm has a market capitalization of £1.39 billion, a P/E ratio of 8.54, a price-to-earnings-growth ratio of 0.50 and a beta of 1.18. The company’s 50-day moving average is GBX 753.86 and its 200 day moving average is GBX 813.16.

Paragon Banking Group (LON:PAG) last posted its quarterly earnings data on Tuesday, June 2nd. The company reported GBX 52.10 earnings per share for the quarter. Paragon Banking Group had a net margin of 21.40% and a return on equity of 12.75%. The company had revenue of £259.20 million for the quarter. Research analysts forecast that Paragon Banking Group will post 104.0245566 EPS for the current year.

Insiders Place Their Bets

In related news, insider Peter Hill bought 382 shares of the company’s stock in a transaction on Wednesday, March 11th. The shares were acquired at an average cost of GBX 784 per share, for a total transaction of £2,994.88. Also, insider Richard Woodman sold 67,669 shares of the company’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of GBX 777, for a total transaction of £525,788.13. Over the last three months, insiders purchased 2,751 shares of company stock worth $2,184,450. 2.09% of the stock is owned by company insiders.

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.