Paragon Banking Group’s (PAG) Outperform Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada reissued their outperform rating on shares of Paragon Banking Group (LON:PAG) in a research note published on Wednesday morning, Marketbeat Ratings reports. The firm currently has a GBX 1,050 price target on the stock.

Other equities analysts have also issued reports about the company. Shore Capital boosted their price target on Paragon Banking Group from GBX 1,040 to GBX 1,055 and gave the company a “buy” rating in a research note on Tuesday. UBS Group restated a “buy” rating and set a GBX 1,020 price objective on shares of Paragon Banking Group in a research report on Friday, January 16th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 1,028.20.

Paragon Banking Group Stock Up 1.0%

PAG opened at GBX 888 on Wednesday. Paragon Banking Group has a fifty-two week low of GBX 650.50 and a fifty-two week high of GBX 981. The business has a fifty day simple moving average of GBX 858.64 and a 200-day simple moving average of GBX 868.29. The firm has a market cap of £1.68 billion, a PE ratio of 10.10, a P/E/G ratio of 0.50 and a beta of 1.52.

Paragon Banking Group (LON:PAG) last posted its quarterly earnings data 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, equities research analysts anticipate that Paragon Banking Group will post 104.0245566 EPS for the current fiscal year.

Paragon Banking Group declared that its Board of Directors has initiated a share buyback plan on Wednesday, December 3rd that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling at Paragon Banking Group

In other news, insider Richard Woodman bought 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 9th. The stock was acquired at an average price of GBX 808 per share, for a total transaction of £121,200. Also, insider Nigel S. Terrington purchased 30,280 shares of the business’s stock in a transaction that occurred on Thursday, December 4th. The shares were purchased at an average cost of GBX 785 per share, with a total value of £237,698. Insiders bought a total of 63,716 shares of company stock worth $50,362,060 in the last 90 days. 1.99% of the stock is owned by corporate insiders.

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.