Paragon Banking Group (LON:PAG) Stock Price Passes Above 200-Day Moving Average - Time to Sell?

Paragon Banking Group PLC (LON:PAG - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 789.31 ($10.60) and traded as high as GBX 909.50 ($12.21). Paragon Banking Group shares last traded at GBX 906 ($12.16), with a volume of 289,547 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts recently commented on PAG shares. Shore Capital restated a "buy" rating on shares of Paragon Banking Group in a report on Wednesday, June 4th. Canaccord Genuity Group raised their target price on Paragon Banking Group from GBX 844 ($11.33) to GBX 958 ($12.86) and gave the company a "buy" rating in a report on Wednesday, May 21st.

Paragon Banking Group Trading Up 2.1%

The firm has a 50 day moving average price of GBX 871.38 and a 200-day moving average price of GBX 791.83. The firm has a market cap of £1.83 billion, a PE ratio of 9.87, a PEG ratio of 0.50 and a beta of 1.52.

Insider Activity

In related news, insider Richard Woodman acquired 2,193 shares of the firm's stock in a transaction dated Monday, March 31st. The stock was acquired at an average price of GBX 746 ($10.01) per share, for a total transaction of £16,359.78 ($21,962.38). Company insiders own 3.59% of the company's stock.

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.