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

Key Points

• The stock price of Paragon Banking Group crossed above its 200-day moving average, trading at GBX 865 ($11.71) with a recent high of GBX 871 ($11.79).
• Analysts provide mixed ratings on the stock, with a consensus rating of "Moderate Buy" and a price target averaging GBX 991.50, while some firms set objectives as high as GBX 1,015.
• Insider activity included purchases by two executives, indicating confidence in the company's future, with total transactions amounting to over £42,268.

Paragon Banking Group PLC (LON:PAG - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 855.93 ($11.59) and traded as high as GBX 871 ($11.79). Paragon Banking Group shares last traded at GBX 865 ($11.71), with a volume of 932,378 shares.

Wall Street Analysts Forecast Growth

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

Paragon Banking Group Price Performance

The firm's 50-day moving average is GBX 915.32 and its 200-day moving average is GBX 855.93. The company has a market capitalization of £1.66 billion, a P/E ratio of 896.37, a price-to-earnings-growth ratio of 0.50 and a beta of 1.52.

Insider Activity at Paragon Banking Group

In other Paragon Banking Group news, insider Nigel S. Terrington bought 2,753 shares of the business's stock in a transaction that occurred on Monday, June 30th. The stock was bought at an average cost of GBX 941 per share, for a total transaction of £25,905.73. Also, insider Richard Woodman bought 1,739 shares of the business's stock in a transaction that occurred on Monday, June 30th. The shares were acquired at an average price of GBX 941 per share, with a total value of £16,363.99. 1.97% of the stock is currently owned by company insiders.

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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