Paragon Banking Group PLC (LON:PAG - Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 782.28 and traded as high as GBX 802. Paragon Banking Group shares last traded at GBX 792.02, with a volume of 261,269 shares trading hands.
Analysts Set New Price Targets
Several equities research analysts have recently commented on PAG shares. UBS Group restated a "buy" rating and set a GBX 1,035 price objective on shares of Paragon Banking Group in a report on Friday, May 29th. Jefferies Financial Group restated 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. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a GBX 1,050 price objective on shares of Paragon Banking Group in a research note on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a GBX 1,100 price objective on shares of Paragon Banking Group in a report on Thursday, July 30th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of GBX 1,062.
View Our Latest Report on Paragon Banking Group
Paragon Banking Group Price Performance
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 business has a 50-day moving average of GBX 811.11 and a 200 day moving average of GBX 782.28. The firm has a market capitalization of £1.42 billion, a PE ratio of 8.80, a price-to-earnings-growth ratio of 0.50 and a beta of 1.19.
Paragon Banking Group announced that its board has initiated a stock buyback program on Monday, July 6th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's board of directors believes its stock is undervalued.
Paragon Banking Group Company Profile
(
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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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