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Paragon Banking Group (LON:PAG) Share Price Crosses Above 200-Day Moving Average - Here's Why

Paragon Banking Group logo with Financial Services background

Paragon Banking Group PLC (LON:PAG - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 807.48 ($10.84) and traded as high as GBX 953 ($12.80). Paragon Banking Group shares last traded at GBX 950 ($12.76), with a volume of 218,689 shares.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on PAG shares. Shore Capital reissued a "buy" rating on shares of Paragon Banking Group in a research report on Wednesday, June 4th. Canaccord Genuity Group raised their target price on shares of Paragon Banking Group from GBX 958 ($12.86) to GBX 1,001 ($13.44) and gave the stock a "buy" rating in a research report on Thursday, July 3rd.

View Our Latest Stock Analysis on PAG

Paragon Banking Group Price Performance

The company's 50-day moving average is GBX 906.88 and its 200-day moving average is GBX 809.79. The firm has a market capitalization of £1.88 billion, a price-to-earnings ratio of 10.12, a PEG ratio of 0.50 and a beta of 1.52.

Insider Activity at Paragon Banking Group

In other Paragon Banking Group news, insider Richard Woodman purchased 1,739 shares of the business's stock in a transaction that occurred on Monday, June 30th. The shares were purchased at an average price of GBX 941 ($12.63) per share, for a total transaction of £16,363.99 ($21,970.99). Also, insider Nigel S. Terrington purchased 2,753 shares of the business's stock in a transaction that occurred on Monday, June 30th. The stock was acquired at an average price of GBX 941 ($12.63) per share, for a total transaction of £25,905.73 ($34,782.13). Company insiders own 3.59% of the company's stock.

Paragon Banking Group Company Profile

(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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