Brokerages Set Paragon Banking Group PLC (PAG) Price Target at $528.29
Paragon Banking Group PLC (LON:PAG) has been assigned an average rating of “Buy” from the eleven research firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is GBX 528.29 ($6.90).
A number of analysts recently commented on PAG shares. Royal Bank of Canada cut Paragon Banking Group to a “sector performer” rating and lifted their price objective for the stock from GBX 370 ($4.83) to GBX 500 ($6.53) in a research report on Friday, September 21st. Jefferies Financial Group reiterated a “buy” rating and set a GBX 641 ($8.38) price objective on shares of Paragon Banking Group in a research report on Tuesday, September 18th. Shore Capital restated a “buy” rating on shares of Paragon Banking Group in a report on Tuesday, September 18th. Peel Hunt restated a “buy” rating on shares of Paragon Banking Group in a report on Monday, July 23rd. Finally, Numis Securities cut Paragon Banking Group to a “hold” rating and set a GBX 452 ($5.91) price target for the company. in a report on Monday, July 23rd.
In other Paragon Banking Group news, insider Alan Fletcher sold 10,000 shares of Paragon Banking Group stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of GBX 492 ($6.43), for a total value of £49,200 ($64,288.51).
About Paragon Banking Group
Paragon Banking Group PLC provides financial services in the United Kingdom. The company operates through three segments: Mortgages, Commercial Lending, and Idem Capital. The Mortgages segment offers buy-to-let first charge, and owner-occupied first and second charge mortgages on residential property.
Further Reading: What is a Leveraged Buyout (LBO)?
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