Peel Hunt Reiterates “Buy” Rating for Paragon Banking Group (PAG)
A number of other equities analysts have also weighed in on the company. Royal Bank of Canada lowered Paragon Banking Group to a sector performer rating and upped their price objective for the stock from GBX 370 ($4.83) to GBX 500 ($6.53) in a research note on Friday, September 21st. Jefferies Financial Group reaffirmed a buy rating and issued a GBX 641 ($8.38) price objective on shares of Paragon Banking Group in a research note on Tuesday, September 18th. Shore Capital reaffirmed a buy rating on shares of Paragon Banking Group in a research note on Wednesday, November 21st. Finally, UBS Group reaffirmed a buy rating and issued a GBX 530 ($6.93) price objective on shares of Paragon Banking Group in a research note on Tuesday, November 27th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Paragon Banking Group has a consensus rating of Buy and an average price target of GBX 542.10 ($7.08).
LON PAG opened at GBX 403.20 ($5.27) on Friday. Paragon Banking Group has a twelve month low of GBX 400.30 ($5.23) and a twelve month high of GBX 555.99 ($7.26).
The company also recently declared a dividend, which will be paid on Monday, February 18th. Investors of record on Thursday, January 10th will be paid a dividend of GBX 13.90 ($0.18) per share. The ex-dividend date is Thursday, January 10th. This is a positive change from Paragon Banking Group’s previous dividend of $5.50. This represents a yield of 3.12%.
In related news, insider Hugo Tudor sold 200,000 shares of the stock in a transaction that occurred 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).
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.
See Also: What is a Derivative?
Receive News & Ratings for Paragon Banking Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paragon Banking Group and related companies with MarketBeat.com's FREE daily email newsletter.