Insider Buying: Paragon Banking Group (LON:PAG) Insider Acquires 1,914 Shares of Stock

Key Points

• Insider Richard Woodman purchased 1,914 shares of Paragon Banking Group stock at an average cost of GBX 857 per share, totaling approximately £16,402.98.
• Paragon Banking Group's stock is currently rated as a "Moderate Buy" with an average target price of GBX 991.50 following various ratings from different research firms.
• The company's shares traded up to GBX 864 recently, with a market cap of £1.66 billion and a P/E ratio of 895.34.

Paragon Banking Group PLC (LON:PAG - Get Free Report) insider Richard Woodman purchased 1,914 shares of the firm's stock in a transaction dated Monday, September 29th. The stock was bought at an average cost of GBX 857 per share, with a total value of £16,402.98.

Paragon Banking Group Stock Performance

Shares of PAG stock traded up GBX 4.50 on Monday, hitting GBX 864. The company had a trading volume of 492,199 shares, compared to its average volume of 799,228. The firm has a market cap of £1.66 billion, a P/E ratio of 895.34, a P/E/G ratio of 0.50 and a beta of 1.52. The stock's 50-day moving average is GBX 899.14 and its two-hundred day moving average is GBX 869. Paragon Banking Group PLC has a twelve month low of GBX 650.50 and a twelve month high of GBX 981.

Analyst Ratings Changes

Several research firms recently commented on PAG. Shore Capital cut Paragon Banking Group to a "hold" rating and set a GBX 975 target price for the company. in a research note on Tuesday, July 29th. Jefferies Financial Group raised their target price on Paragon Banking Group from GBX 930 to GBX 1,015 and gave the company a "hold" rating in a report on Tuesday, August 26th. Canaccord Genuity Group restated a "buy" rating and issued a GBX 1,001 target price on shares of Paragon Banking Group in a report on Monday, August 4th. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a GBX 975 target price on shares of Paragon Banking Group in a report on Wednesday, July 30th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of GBX 991.50.

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.

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