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

Royal Bank Of Canada reissued their outperform rating on shares of Paragon Banking Group (LON:PAG - Free Report) in a research report report published on Wednesday morning, Marketbeat Ratings reports. Royal Bank Of Canada currently has a GBX 975 ($12.93) target price on the stock.

Several other research analysts also recently commented on PAG. Shore Capital downgraded Paragon Banking Group to a "hold" rating and set a GBX 975 ($12.93) target price on the stock. in a report on Tuesday. Canaccord Genuity Group increased their target price on shares of Paragon Banking Group from GBX 958 ($12.70) to GBX 1,001 ($13.27) and gave the company a "buy" rating in a research report on Thursday, July 3rd.

Paragon Banking Group Trading Up 1.5%

LON:PAG traded up GBX 13 ($0.17) on Wednesday, hitting GBX 888 ($11.77). The company had a trading volume of 298,650 shares, compared to its average volume of 693,967. The firm has a 50 day moving average of GBX 920.59 and a two-hundred day moving average of GBX 827.22. The stock has a market capitalization of £1.78 billion, a price-to-earnings ratio of 9.58, a PEG ratio of 0.50 and a beta of 1.52. Paragon Banking Group has a 52 week low of GBX 650.50 ($8.63) and a 52 week high of GBX 981 ($13.01).

Insider Activity at Paragon Banking Group

In other news, insider Nigel S. Terrington acquired 2,753 shares of the company's stock in a transaction that occurred on Monday, June 30th. The shares were acquired at an average price of GBX 941 ($12.48) per share, for a total transaction of £25,905.73 ($34,348.62). Also, insider Richard Woodman bought 1,739 shares of the firm's stock in a transaction on Monday, June 30th. The stock was purchased at an average cost of GBX 941 ($12.48) per share, with a total value of £16,363.99 ($21,697.15). 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.