Paragon Banking Group (LON:PAG) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Paragon Banking Group PLC (LON:PAG) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 782.28 and traded as high as GBX 802. Paragon Banking Group shares last traded at GBX 792.02, with a volume of 261,269 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on PAG. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 1,100 target price on shares of Paragon Banking Group in a research report on Thursday, July 30th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 1,050 price target on shares of Paragon Banking Group in a research note on Thursday, July 30th. UBS Group reiterated a “buy” rating and set a GBX 1,035 price objective on shares of Paragon Banking Group in a report on Friday, May 29th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,070 price objective on shares of Paragon Banking Group in a report on Wednesday, September 2nd. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of GBX 1,062.

Paragon Banking Group Stock Down 0.8%

The stock has a market cap of £1.39 billion, a price-to-earnings ratio of 8.62, a P/E/G ratio of 0.50 and a beta of 1.19. The business has a fifty day moving average of GBX 811.37 and a 200 day moving average of GBX 781.73. The company has a debt-to-equity ratio of 163.38, a current ratio of 16.10 and a quick ratio of 1.48.

Paragon Banking Group announced that its board has approved a stock buyback program on Monday, July 6th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

About Paragon Banking Group

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.