Paragon Banking Group's (PAG) Buy Rating Reiterated at Canaccord Genuity Group

Key Points

• Paragon Banking Group's stock received a "buy" rating from Canaccord Genuity Group, with a price target of GBX 1,001 ($13.29), indicating a potential upside of 9.28% from the current price.
• The company’s shares opened at GBX 916 ($12.16), showing a 2.9% increase, and it has a market capitalization of £1.83 billion.
• Insider transactions included Richard Woodman purchasing 1,739 shares at GBX 941 ($12.50) and Hugo Tudor selling 5,000 shares at GBX 950 ($12.61).

Paragon Banking Group (LON:PAG - Get Free Report)'s stock had its "buy" rating reiterated by equities researchers at Canaccord Genuity Group in a research note issued on Monday, MarketBeat reports. They currently have a GBX 1,001 ($13.29) price target on the stock. Canaccord Genuity Group's price target points to a potential upside of 9.28% from the stock's current price.

PAG has been the subject of several other reports. Royal Bank Of Canada restated an "outperform" rating and set a GBX 975 ($12.95) target price on shares of Paragon Banking Group in a research report on Wednesday, July 30th. Shore Capital lowered shares of Paragon Banking Group to a "hold" rating and set a GBX 975 ($12.95) price target for the company. in a research report on Tuesday, July 29th.

Paragon Banking Group Stock Up 2.9%

Shares of PAG stock opened at GBX 916 ($12.16) on Monday. The company has a 50 day moving average price of GBX 920.79 and a 200-day moving average price of GBX 831.87. Paragon Banking Group has a 52 week low of GBX 650.50 ($8.64) and a 52 week high of GBX 981 ($13.03). The firm has a market capitalization of £1.83 billion, a PE ratio of 9.89, 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 purchased 1,739 shares of the firm's stock in a transaction that occurred on Monday, June 30th. The shares were bought at an average price of GBX 941 ($12.50) per share, with a total value of £16,363.99 ($21,728.84). 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 ($12.61), for a total transaction of £47,500 ($63,072.63). 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.

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