Paragon Banking Group (LON:PAG) Share Price Passes Above 200 Day Moving Average - Time to Sell?

Key Points

• Paragon Banking Group shares crossed above their 200-day moving average, reaching GBX 791 before closing at GBX 781, although they were down 0.6% during trading.
• Analysts remain positive: five research firms rate the stock a Buy, with an average price target of GBX 1,062 versus the recent GBX 781 price.
• The company has a £1.40 billion market capitalization and trades at a P/E ratio of 8.68, while its 50-day moving average of GBX 811.42 remains above the current share price.

Paragon Banking Group PLC (LON:PAG - Get Free Report) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 779.02 and traded as high as GBX 791. Paragon Banking Group shares last traded at GBX 781, with a volume of 189,286 shares changing hands.

Analyst Ratings Changes

A number of analysts recently commented on the company. UBS Group reiterated a "buy" rating and issued a GBX 1,035 price objective on shares of Paragon Banking Group in a research report on Friday, May 29th. Royal Bank Of Canada restated an "outperform" rating and set a GBX 1,050 target price on shares of Paragon Banking Group in a research report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a GBX 1,100 target price on shares of Paragon Banking Group in a research note on Thursday, July 30th. Finally, Jefferies Financial Group reissued a "buy" rating and set a GBX 1,070 price target on shares of Paragon Banking Group in a research note on Wednesday, September 2nd. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of GBX 1,062.

Paragon Banking Group Trading Down 0.6%

The company has a current ratio of 16.10, a quick ratio of 1.48 and a debt-to-equity ratio of 163.38. The company has a market capitalization of £1.40 billion, a P/E ratio of 8.68, a PEG ratio of 0.50 and a beta of 1.19. The business has a 50 day moving average price of GBX 811.42 and a 200 day moving average price of GBX 779.02.

Paragon Banking Group declared that its Board of Directors has initiated a share buyback plan on Monday, July 6th that permits the company to buyback 0 shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board believes its shares are undervalued.

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. Its operations are organised into two lending divisions and lending is funded largely by retail deposits.

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