Paragon Banking Group (LON:PAG) Price Target Raised to GBX 1,001

Paragon Banking Group (LON:PAG - Free Report) had its price target hoisted by Canaccord Genuity Group from GBX 958 ($13.08) to GBX 1,001 ($13.67) in a research report released on Thursday, Marketbeat Ratings reports. They currently have a buy rating on the stock.

Separately, Shore Capital reiterated a "buy" rating on shares of Paragon Banking Group in a research report on Wednesday, June 4th.

Paragon Banking Group Trading Down 0.8%

LON:PAG traded down GBX 7.50 ($0.10) during trading hours on Thursday, hitting GBX 922.50 ($12.60). 129,653 shares of the stock were exchanged, compared to its average volume of 748,506. The firm's fifty day moving average price is GBX 897.20 and its 200 day moving average price is GBX 802.71. Paragon Banking Group has a 52-week low of GBX 650.50 ($8.88) and a 52-week high of GBX 970 ($13.25). The company has a market cap of £1.85 billion, a P/E ratio of 9.96, a P/E/G ratio of 0.50 and a beta of 1.52.

Insider Transactions at Paragon Banking Group

In other Paragon Banking Group news, insider Richard Woodman bought 1,739 shares of the firm's stock in a transaction on Monday, June 30th. The shares were acquired at an average cost of GBX 941 ($12.85) per share, with a total value of £16,363.99 ($22,346.02). Also, insider Nigel S. Terrington bought 2,753 shares of the stock in a transaction dated Monday, June 30th. The shares were bought at an average price of GBX 941 ($12.85) per share, for a total transaction of £25,905.73 ($35,375.84). 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.