Paragon Banking Group (LON:PAG) Earns "Buy" Rating from Jefferies Financial Group

Key Points

• Jefferies Financial Group reaffirmed a “Buy” rating on Paragon Banking Group and set a GBX 1,070 price target, implying 31.13% potential upside from the prior close.
• Analyst sentiment remains positive: all five covering analysts rate the stock Buy, with a consensus target price of GBX 1,062.
• Paragon shares opened at GBX 816 and were up 1.1%; the company recently reported quarterly EPS of GBX 52.10 and revenue of £259.2 million.

Paragon Banking Group (LON:PAG - Get Free Report)'s stock had its "buy" rating reissued by research analysts at Jefferies Financial Group in a research note issued on Wednesday, Digital Look reports. They presently have a GBX 1,070 price target on the stock. Jefferies Financial Group's price target suggests a potential upside of 31.13% from the company's previous close.

PAG has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a GBX 1,100 price target on shares of Paragon Banking Group in a report on Thursday, July 30th. UBS Group reissued a "buy" rating and set a GBX 1,035 target price on shares of Paragon Banking Group in a research report on Friday, May 29th. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a GBX 1,050 target price on shares of Paragon Banking Group in a research note on Thursday, July 30th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of GBX 1,062.

Paragon Banking Group Trading Up 1.1%

Shares of PAG opened at GBX 816 on Wednesday. Paragon Banking Group has a 12 month low of GBX 681.50 and a 12 month high of GBX 926. The stock's 50-day moving average is GBX 807.07 and its two-hundred day moving average is GBX 784.18. The company has a debt-to-equity ratio of 163.38, a current ratio of 16.10 and a quick ratio of 1.48. The stock has a market cap of £1.49 billion, a PE ratio of 9.07, a P/E/G ratio of 0.50 and a beta of 1.20.

Paragon Banking Group (LON:PAG - Get Free Report) last announced its earnings results on Tuesday, June 2nd. The company reported GBX 52.10 EPS for the quarter. The business had revenue of £259.20 million for the quarter. Paragon Banking Group had a return on equity of 11.98% and a net margin of 14.98%. Equities analysts forecast that Paragon Banking Group will post 104.0245566 earnings per share for the current fiscal year.

Paragon Banking Group announced that its Board of Directors has initiated a share buyback program on Monday, July 6th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company's board believes its shares are undervalued.

About Paragon Banking Group

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.

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