Paragon Banking Group (LON:PAG) Sets New 12-Month High - What's Next?

Shares of Paragon Banking Group PLC (LON:PAG - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 970 ($13.10) and last traded at GBX 970 ($13.10), with a volume of 237396 shares. The stock had previously closed at GBX 953.05 ($12.87).

Wall Street Analysts Forecast Growth

PAG has been the topic of several research analyst reports. Canaccord Genuity Group lifted their price objective on Paragon Banking Group from GBX 958 ($12.94) to GBX 1,001 ($13.52) and gave the stock a "buy" rating in a report on Thursday, July 3rd. Shore Capital reiterated a "buy" rating on shares of Paragon Banking Group in a report on Wednesday, June 4th.

Paragon Banking Group Stock Up 0.8%

The firm has a market capitalization of £1.92 billion, a price-to-earnings ratio of 10.38, a PEG ratio of 0.50 and a beta of 1.52. The business's 50-day simple moving average is GBX 919.14 and its two-hundred day simple moving average is GBX 821.86.

Insider Transactions at Paragon Banking Group

In related news, insider Richard Woodman acquired 1,739 shares of the stock in a transaction dated Monday, June 30th. The stock was acquired at an average cost of GBX 941 ($12.71) per share, with a total value of £16,363.99 ($22,104.54). Also, insider Hugo Tudor sold 5,000 shares of the business's stock in a transaction dated Friday, July 18th. The stock was sold at an average price of GBX 950 ($12.83), for a total value of £47,500 ($64,163.18). Corporate insiders own 3.59% of the company's stock.

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.