Insider Selling: Paragon Banking Group PLC (PAG) Insider Sells 10,000 Shares of Stock
Paragon Banking Group PLC (LON:PAG) insider Alan Fletcher sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of GBX 492 ($6.29), for a total value of £49,200 ($62,891.47).
Shares of PAG stock opened at GBX 480.60 ($6.14) on Friday. Paragon Banking Group PLC has a fifty-two week low of GBX 400.30 ($5.12) and a fifty-two week high of GBX 555.99 ($7.11).
A number of equities analysts have recently issued reports on PAG shares. Peel Hunt raised their price objective on Paragon Banking Group from GBX 510 ($6.52) to GBX 550 ($7.03) and gave the stock an “add” rating in a research report on Thursday, May 24th. UBS Group restated a “buy” rating on shares of Paragon Banking Group in a research report on Monday, July 23rd. Shore Capital restated a “buy” rating on shares of Paragon Banking Group in a research report on Monday, July 23rd. Citigroup restated a “buy” rating and set a GBX 650 ($8.31) price objective on shares of Paragon Banking Group in a research report on Thursday, June 21st. Finally, Numis Securities downgraded Paragon Banking Group to a “hold” rating and set a GBX 452 ($5.78) price objective for the company. in a research report on Monday, July 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of GBX 525.63 ($6.72).
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.
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