Paragon Banking Group (PAG) Lowered to Sector Performer at Royal Bank of Canada
Royal Bank of Canada cut shares of Paragon Banking Group (LON:PAG) to a sector performer rating in a report published on Friday morning. The brokerage currently has GBX 500 ($6.51) price objective on the stock, up from their previous price objective of GBX 370 ($4.82).
PAG has been the topic of several other research reports. Peel Hunt reissued a buy rating on shares of Paragon Banking Group in a research report on Monday, July 23rd. Numis Securities cut shares of Paragon Banking Group to a hold rating and set a GBX 452 ($5.89) price target on the stock. in a research report on Monday, July 23rd. Shore Capital reissued a buy rating on shares of Paragon Banking Group in a research report on Tuesday, September 18th. Citigroup reissued a buy rating and set a GBX 650 ($8.47) price target on shares of Paragon Banking Group in a research report on Thursday, June 21st. Finally, UBS Group reissued a buy rating on shares of Paragon Banking Group in a research report on Monday, July 23rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of GBX 534.60 ($6.96).
Shares of PAG opened at GBX 468.80 ($6.11) on Friday. Paragon Banking Group has a 1 year low of GBX 400.30 ($5.21) and a 1 year high of GBX 555.99 ($7.24).
Paragon Banking Group Company Profile
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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