Paragon Banking Group PLC (LON:PAG - Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 855.93 ($11.68) and traded as high as GBX 871 ($11.89). Paragon Banking Group shares last traded at GBX 865 ($11.81), with a volume of 932,378 shares changing hands.
Analysts Set New Price Targets
Several brokerages recently weighed in on PAG. Royal Bank Of Canada restated an "outperform" rating and set a GBX 975 target price on shares of Paragon Banking Group in a research note on Wednesday, July 30th. Shore Capital downgraded Paragon Banking Group to a "hold" rating and set a GBX 975 price target for the company. in a report on Tuesday, July 29th. Jefferies Financial Group boosted their price target on 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. Finally, Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 1,001 price objective on shares of Paragon Banking Group in a research report on Monday, August 4th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Paragon Banking Group presently has an average rating of "Moderate Buy" and an average price target of GBX 991.50.
Get Our Latest Report on Paragon Banking Group
Paragon Banking Group Stock Down 1.4%
The company has a market capitalization of £1.67 billion, a price-to-earnings ratio of 903.63, a P/E/G ratio of 0.50 and a beta of 1.52. The business's 50-day moving average is GBX 911.20 and its 200-day moving average is GBX 860.16.
Insider Buying and Selling
In related news, insider Hugo Tudor sold 5,000 shares of Paragon Banking Group stock in a transaction that occurred on Friday, July 18th. The stock was sold at an average price of GBX 950, for a total transaction of £47,500. Also, insider Nigel S. Terrington acquired 2,753 shares of the company's stock in a transaction dated Monday, June 30th. The shares were purchased at an average cost of GBX 941 per share, for a total transaction of £25,905.73. 1.97% of the stock is owned by corporate insiders.
About Paragon Banking Group
(
Get Free Report)
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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