Jefferies Financial Group Cuts Paragon Banking Group (LON:PAG) Price Target to GBX 1,000

Paragon Banking Group (LON:PAG) had its target price cut by Jefferies Financial Group from GBX 1,060 to GBX 1,000 in a research report report published on Wednesday, MarketBeat.com reports. They currently have a buy rating on the stock.

Other equities analysts also recently issued research reports about the stock. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 1,050 target price on shares of Paragon Banking Group in a research report on Wednesday, January 28th. Shore Capital Group upped their price objective on Paragon Banking Group from GBX 1,040 to GBX 1,055 and gave the stock a “buy” rating in a report on Tuesday, January 27th. Finally, UBS Group reiterated a “buy” rating and issued a GBX 1,020 price objective on shares of Paragon Banking Group in a research report on Friday, January 16th. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of GBX 1,025.20.

Paragon Banking Group Price Performance

Shares of LON PAG opened at GBX 737.50 on Wednesday. The stock has a 50 day moving average of GBX 772.79 and a two-hundred day moving average of GBX 823.30. Paragon Banking Group has a twelve month low of GBX 695.50 and a twelve month high of GBX 981. The stock has a market cap of £1.36 billion, a P/E ratio of 8.39, a P/E/G ratio of 0.50 and a beta of 1.18. The company has a current ratio of 0.28, a quick ratio of 1.48 and a debt-to-equity ratio of 120.17.

Insider Buying and Selling

In other Paragon Banking Group news, insider Peter Hill bought 382 shares of the stock in a transaction on Wednesday, March 11th. The stock was purchased at an average price of GBX 784 per share, for a total transaction of £2,994.88. Also, insider Richard Woodman sold 67,669 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of GBX 777, for a total value of £525,788.13. Insiders have acquired 2,751 shares of company stock valued at $2,184,450 over the last three months. Company insiders own 2.09% of the company’s stock.

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.