Canaccord Genuity Group Raises Paragon Banking Group (LON:PAG) Price Target to GBX 958

Paragon Banking Group (LON:PAG) had its target price boosted by Canaccord Genuity Group from GBX 844 ($11.33) to GBX 958 ($12.86) in a report released on Wednesday, Marketbeat reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price would suggest a potential upside of 7.76% from the company’s previous close.

Separately, Shore Capital reissued a “buy” rating on shares of Paragon Banking Group in a research note on Thursday, April 10th.

Paragon Banking Group Trading Up 0.4%

Paragon Banking Group stock opened at GBX 889 ($11.93) on Wednesday. The stock has a market capitalization of £1.78 billion, a price-to-earnings ratio of 9.60, a PEG ratio of 0.50 and a beta of 1.52. The stock has a 50 day moving average of GBX 804.15 and a two-hundred day moving average of GBX 763.75. Paragon Banking Group has a twelve month low of GBX 650.50 ($8.73) and a twelve month high of GBX 915.50 ($12.29).

Insiders Place Their Bets

In other news, insider Peter Hill bought 159 shares of Paragon Banking Group stock in a transaction that occurred on Monday, March 17th. The shares were purchased at an average price of GBX 740 ($9.93) per share, for a total transaction of £1,176.60 ($1,579.33). Also, insider Richard Woodman bought 2,193 shares of Paragon Banking Group stock in a transaction that occurred on Monday, March 31st. The stock was purchased at an average price of GBX 746 ($10.01) per share, for a total transaction of £16,359.78 ($21,959.44). Over the last 90 days, insiders purchased 2,810 shares of company stock valued at $2,082,024. Corporate insiders own 3.59% of the company’s stock.

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.