Paragon Banking Group (LON:PAG) Stock Crosses Below 200-Day Moving Average - Should You Sell?

Key Points

• Paragon Banking Group PLC shares have crossed below their 200-day moving average, indicating potential concern among investors as they traded at GBX 852.07 ($11.49).
• Analysts have mixed ratings on the stock, with a consensus rating of "Moderate Buy" and an average price target of GBX 991.50 according to recent research notes.
• Insider buying activity was noted, with two insiders purchasing shares at an average price of GBX 857, suggesting confidence in the company's future performance.

Paragon Banking Group PLC (LON:PAG - Get Free Report) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 873.39 ($11.77) and traded as low as GBX 847.50 ($11.42). Paragon Banking Group shares last traded at GBX 852.07 ($11.49), with a volume of 382,099 shares trading hands.

Wall Street Analyst Weigh In

PAG has been the subject of a number of research reports. Jefferies Financial Group boosted their price target on shares of Paragon Banking Group from GBX 930 to GBX 1,015 and gave the stock a "hold" rating in a research note on Tuesday, August 26th. Shore Capital lowered shares of Paragon Banking Group to a "hold" rating and set a GBX 975 target price for the company. in a research report on Tuesday, July 29th. Royal Bank Of Canada reissued an "outperform" rating and issued a GBX 975 target price on shares of Paragon Banking Group in a research note on Wednesday, July 30th. Finally, Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 1,001 price target on shares of Paragon Banking Group in a research note on Monday, August 4th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of GBX 991.50.

Paragon Banking Group Price Performance

The firm has a market capitalization of £1.61 billion, a P/E ratio of 877.20, a P/E/G ratio of 0.50 and a beta of 1.52. The firm's 50 day simple moving average is GBX 886.85 and its two-hundred day simple moving average is GBX 873.39.

Insider Activity

In related news, insider Nigel S. Terrington bought 3,030 shares of the stock in a transaction dated Monday, September 29th. The stock was bought at an average price of GBX 857 per share, with a total value of £25,967.10. Also, insider Richard Woodman bought 1,914 shares of the company's stock in a transaction that occurred on Monday, September 29th. The shares were bought at an average price of GBX 857 per share, with a total value of £16,402.98. 1.97% of the stock is currently 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.

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