Paragon Banking Group PLC (PAG) Given Average Rating of “Buy” by Brokerages
Shares of Paragon Banking Group PLC (LON:PAG) have earned an average rating of “Buy” from the eight research firms that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is GBX 550.75 ($7.20).
PAG has been the subject of a number of recent analyst reports. Peel Hunt reissued a “buy” rating on shares of Paragon Banking Group in a report on Friday, December 7th. UBS Group reissued a “buy” rating on shares of Paragon Banking Group in a report on Monday, January 7th. Shore Capital reissued a “buy” rating on shares of Paragon Banking Group in a report on Monday, January 28th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a GBX 460 ($6.01) price objective on shares of Paragon Banking Group in a report on Thursday, December 6th.
Shares of Paragon Banking Group stock traded up GBX 8.40 ($0.11) on Friday, reaching GBX 453.40 ($5.92). 704,455 shares of the company were exchanged, compared to its average volume of 729,645. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 726.88. The stock has a market capitalization of $1.17 billion and a price-to-earnings ratio of 8.37. Paragon Banking Group has a 1-year low of GBX 379.20 ($4.95) and a 1-year high of GBX 558.50 ($7.30).
About Paragon Banking Group
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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