Paragon Banking Group (LON:PAG) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Key Points

• Jefferies Financial Group raised its price target for Paragon Banking Group from GBX 930 to GBX 1,015, suggesting an 11.91% potential upside from the current stock price.
• The stock currently holds a consensus rating of "Moderate Buy" among analysts, with a consensus target price of GBX 991.50.
• Recent insider activity includes purchases and sales, with 3.59% of the stock owned by company insiders, indicating potential confidence in the company's future performance.

Paragon Banking Group (LON:PAG - Get Free Report) had its price objective upped by equities researchers at Jefferies Financial Group from GBX 930 to GBX 1,015 in a research note issued on Tuesday,London Stock Exchange reports. The brokerage currently has a "hold" rating on the stock. Jefferies Financial Group's target price indicates a potential upside of 11.91% from the company's current price.

A number of other research firms have also recently commented on PAG. Shore Capital cut shares of Paragon Banking Group to a "hold" rating and set a GBX 975 price target for the company. in a research note on Tuesday, July 29th. Canaccord Genuity Group reissued a "buy" rating and issued a GBX 1,001 price target on shares of Paragon Banking Group in a research note on Monday, August 4th. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a GBX 975 price objective on shares of Paragon Banking Group in a report on Wednesday, July 30th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of GBX 991.50.

Paragon Banking Group Price Performance

PAG stock opened at GBX 907 on Tuesday. Paragon Banking Group has a one year low of GBX 650.50 and a one year high of GBX 981. The stock has a market cap of £1.81 billion, a PE ratio of 9.79, a P/E/G ratio of 0.50 and a beta of 1.52. The firm has a 50 day simple moving average of GBX 925.22 and a two-hundred day simple moving average of GBX 848.85.

Insider Activity at Paragon Banking Group

In other news, insider Nigel S. Terrington purchased 2,753 shares of the 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 Hugo Tudor sold 5,000 shares of the company's stock in a transaction on Friday, July 18th. The shares were sold at an average price of GBX 950, for a total transaction of £47,500. 3.59% 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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