Paragon Banking Group (LON:PAG) Stock Price Passes Above Two Hundred Day Moving Average - Here's Why

Key Points

• Paragon Banking Group's stock price has recently crossed above its 200-day moving average, indicating potential upward momentum.
• Equities research analysts have mixed opinions, with two analysts rating the stock as a "buy" and one as a "hold," resulting in a consensus rating of "Moderate Buy."
• Insider purchases have been reported, with significant share acquisitions by Nigel S. Terrington and Richard Woodman, indicating confidence in the company's future performance.

Paragon Banking Group PLC (LON:PAG - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 844.48 ($11.36) and traded as high as GBX 913 ($12.28). Paragon Banking Group shares last traded at GBX 904.50 ($12.17), with a volume of 370,056 shares.

Wall Street Analyst Weigh In

A number of research firms have commented on PAG. Royal Bank Of Canada restated an "outperform" rating and issued a GBX 975 target price on shares of Paragon Banking Group in a research report on Wednesday, July 30th. Shore Capital downgraded Paragon Banking Group to a "hold" rating and set a GBX 975 target price for the company. in a report on Tuesday, July 29th. Finally, Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 1,001 price objective on shares of Paragon Banking Group in a research note on Monday, August 4th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of GBX 983.67.

Paragon Banking Group Stock Performance

The business has a fifty day simple moving average of GBX 925.22 and a 200 day simple moving average of GBX 848.85. The stock has a market cap of £1.85 billion, a price-to-earnings ratio of 10.00, a PEG ratio of 0.50 and a beta of 1.52.

Insiders Place Their Bets

In other Paragon Banking Group news, insider Hugo Tudor sold 5,000 shares of the stock in a transaction on Friday, July 18th. The stock was sold at an average price of GBX 950, for a total transaction of £47,500. Also, insider Richard Woodman purchased 1,739 shares of Paragon Banking Group stock in a transaction on Monday, June 30th. The shares were acquired at an average cost of GBX 941 per share, for a total transaction of £16,363.99. Corporate insiders own 3.59% of the company's stock.

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.