Paragon Banking Group (LON:PAG) Price Target Raised to GBX 1,055

Paragon Banking Group (LON:PAG) had its price target increased by Shore Capital from GBX 1,040 to GBX 1,055 in a research report released on Tuesday, Marketbeat reports. The brokerage currently has a buy rating on the stock.

PAG has been the subject of several other reports. UBS Group restated a “buy” rating and set a GBX 1,020 price target on shares of Paragon Banking Group in a research note on Friday, January 16th. Royal Bank Of Canada lifted their price target on shares of Paragon Banking Group from GBX 975 to GBX 1,050 and gave the company an “outperform” rating in a research report on Thursday, December 4th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,028.20.

Paragon Banking Group Trading Up 0.6%

PAG opened at GBX 879 on Tuesday. Paragon Banking Group has a 12-month low of GBX 650.50 and a 12-month high of GBX 981. The stock’s 50-day moving average price is GBX 857.07 and its 200 day moving average price is GBX 868.64. The firm has a market cap of £1.66 billion, a price-to-earnings ratio of 10.00, a PEG ratio of 0.50 and a beta of 1.52.

Paragon Banking Group (LON:PAG) last announced its earnings results on Friday, January 16th. The company reported GBX 91.20 earnings per share (EPS) for the quarter. Paragon Banking Group had a net margin of 25.14% and a return on equity of 14.13%. On average, research analysts forecast that Paragon Banking Group will post 104.0245566 earnings per share for the current year.

Paragon Banking Group announced that its board has authorized a stock buyback program on Wednesday, December 3rd that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling at Paragon Banking Group

In related news, insider Nigel S. Terrington purchased 30,280 shares of the firm’s stock in a transaction that occurred on Thursday, December 4th. The shares were acquired at an average price of GBX 785 per share, with a total value of £237,698. Also, insider Richard Woodman bought 18,436 shares of the firm’s stock in a transaction dated Thursday, December 4th. The shares were acquired at an average price of GBX 785 per share, for a total transaction of £144,722.60. Over the last quarter, insiders have purchased 63,716 shares of company stock valued at $50,362,060. Corporate insiders own 1.99% of the company’s stock.

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.