Paragon Banking Group (LON:PAG) Shares Pass Above 200-Day Moving Average - Should You Sell?

Paragon Banking Group PLC (LON:PAG - Get Free Report)'s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 795.21 ($10.91) and traded as high as GBX 927.50 ($12.73). Paragon Banking Group shares last traded at GBX 926 ($12.71), with a volume of 211,030 shares.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on PAG shares. Canaccord Genuity Group upped their target price on Paragon Banking Group from GBX 844 ($11.58) to GBX 958 ($13.15) and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Shore Capital restated a "buy" rating on shares of Paragon Banking Group in a research report on Wednesday, June 4th.

Paragon Banking Group Stock Up 0.9%

The stock has a 50-day simple moving average of GBX 882.57 and a two-hundred day simple moving average of GBX 795.21. The firm has a market cap of £1.85 billion, a PE ratio of 9.99, a P/E/G ratio of 0.50 and a beta of 1.52.

Insider Activity at Paragon Banking Group

In related news, insider Richard Woodman bought 2,193 shares of the company's stock in a transaction that occurred on Monday, March 31st. The stock was purchased at an average price of GBX 746 ($10.24) per share, for a total transaction of £16,359.78 ($22,450.64). 3.59% 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.