Paragon Banking Group (PAG) Reaches New 52-Week Low Following Insider Selling
Paragon Banking Group PLC (LON:PAG) shares reached a new 52-week low on Thursday following insider selling activity. The company traded as low as GBX 395 ($5.16) and last traded at GBX 396.80 ($5.18), with a volume of 583316 shares traded. The stock had previously closed at GBX 411.20 ($5.37).
Specifically, insider Hugo Tudor sold 200,000 shares of the company’s stock in a transaction on Tuesday, December 4th. The stock was sold at an average price of GBX 104 ($1.36), for a total transaction of £208,000 ($271,788.84).
A number of research analysts have commented on the company. Royal Bank of Canada restated a “sector perform” rating and set a GBX 460 ($6.01) price target on shares of Paragon Banking Group in a research note on Thursday. UBS Group restated a “buy” rating and set a GBX 530 ($6.93) price target on shares of Paragon Banking Group in a research note on Tuesday, November 27th. Peel Hunt restated a “buy” rating on shares of Paragon Banking Group in a research note on Wednesday, November 21st. Shore Capital restated a “buy” rating on shares of Paragon Banking Group in a research note on Wednesday, November 21st. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 641 ($8.38) price target on shares of Paragon Banking Group in a research note on Tuesday, September 18th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Paragon Banking Group has an average rating of “Buy” and an average price target of GBX 542.10 ($7.08).
The business also recently disclosed a dividend, which will be paid on Monday, February 18th. Stockholders of record on Thursday, January 10th will be paid a GBX 13.90 ($0.18) dividend. This is a boost from Paragon Banking Group’s previous dividend of $5.50. This represents a dividend yield of 3.12%. The ex-dividend date is Thursday, January 10th.
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About Paragon Banking Group (LON:PAG)
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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