Paragon Banking Group (LON:PAG) Stock Price Crosses Above Two Hundred Day Moving Average - Here's Why

Key Points

• Paragon Banking Group shares rose above their 200-day moving average, reaching GBX 817.50 before closing at GBX 807.50, up 1.3% with trading volume of 502,269 shares.
• Analysts remain bullish: UBS, Jefferies, Deutsche Bank and RBC maintained positive ratings, while five analysts rate the stock a Buy. The consensus price target is GBX 1,048.
• The company reported quarterly EPS of GBX 52.10 and revenue of £259.20 million, with a 14.98% net margin and 11.98% return on equity. Its market capitalization is approximately £1.48 billion and its P/E ratio is 8.97.

Paragon Banking Group PLC (LON:PAG - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 784.18 and traded as high as GBX 817.50. Paragon Banking Group shares last traded at GBX 807.50, with a volume of 502,269 shares.

Analyst Ratings Changes

Several research analysts recently weighed in on PAG shares. UBS Group restated 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. Jefferies Financial Group reiterated a "buy" rating and issued a GBX 1,000 price objective on shares of Paragon Banking Group in a research report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a GBX 1,100 price objective on shares of Paragon Banking Group in a research report on Thursday, July 30th. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a GBX 1,050 target price on shares of Paragon Banking Group in a research note on Thursday, July 30th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of GBX 1,048.

Paragon Banking Group Stock Up 1.3%

The firm's 50 day moving average is GBX 807.07 and its two-hundred day moving average is GBX 784.18. The firm has a market cap of £1.48 billion, a P/E ratio of 8.97, a price-to-earnings-growth ratio of 0.50 and a beta of 1.20. The company has a current ratio of 16.10, a quick ratio of 1.48 and a debt-to-equity ratio of 163.38.

Paragon Banking Group (LON:PAG - Get Free Report) last posted its earnings results on Tuesday, June 2nd. The company reported GBX 52.10 earnings per share (EPS) for the quarter. The firm had revenue of £259.20 million during the quarter. Paragon Banking Group had a return on equity of 11.98% and a net margin of 14.98%. As a group, research analysts anticipate that Paragon Banking Group PLC will post 104.0245566 EPS for the current fiscal year.

Paragon Banking Group declared that its board has authorized a share repurchase plan on Monday, July 6th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company's management 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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