Paragon Banking Group (LON:PAG) Earns "Outperform" Rating from Royal Bank Of Canada

Royal Bank Of Canada reiterated their outperform rating on shares of Paragon Banking Group (LON:PAG - Free Report) in a research note issued to investors on Wednesday, MarketBeat Ratings reports. They currently have a GBX 975 ($12.94) price objective on the stock.

Several other research firms also recently weighed in on PAG. Shore Capital downgraded Paragon Banking Group to a "hold" rating and set a GBX 975 ($12.94) price target on the stock. in a research note on Tuesday. Canaccord Genuity Group lifted their price target on shares of Paragon Banking Group from GBX 958 ($12.72) to GBX 1,001 ($13.29) and gave the company a "buy" rating in a report on Thursday, July 3rd.

Paragon Banking Group Trading Down 1.7%

Shares of PAG stock traded down GBX 15.50 ($0.21) during trading hours on Wednesday, hitting GBX 890 ($11.81). 193,308 shares of the company's stock were exchanged, compared to its average volume of 688,329. The company has a market capitalization of £1.78 billion, a PE ratio of 9.61, a PEG ratio of 0.50 and a beta of 1.52. Paragon Banking Group has a 12-month low of GBX 650.50 ($8.63) and a 12-month high of GBX 981 ($13.02). The business's 50 day simple moving average is GBX 920.79 and its 200-day simple moving average is GBX 830.42.

Insider Activity at Paragon Banking Group

In other news, insider Nigel S. Terrington bought 2,753 shares of the firm's stock in a transaction that occurred on Monday, June 30th. The stock was bought at an average price of GBX 941 ($12.49) per share, with a total value of £25,905.73 ($34,385.09). Also, insider Richard Woodman bought 1,739 shares of the company's stock in a transaction on Monday, June 30th. The shares were bought at an average cost of GBX 941 ($12.49) per share, for a total transaction of £16,363.99 ($21,720.19). 3.59% of the stock is owned by company insiders.

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.