Paragon Banking Group (LON:PAG) Shares Pass Above 200-Day Moving Average – Should You Sell?

Paragon Banking Group PLC (LON:PAG)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 795.21 ($10.91) and traded as high as GBX 927.50 ($12.73). Paragon Banking Group shares last traded at GBX 926 ($12.71), with a volume of 211,030 shares.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on PAG shares. Canaccord Genuity Group upped their target price on Paragon Banking Group from GBX 844 ($11.58) to GBX 958 ($13.15) and gave the stock a “buy” rating in a research note on Wednesday, May 21st. Shore Capital restated a “buy” rating on shares of Paragon Banking Group in a research report on Wednesday, June 4th.

Paragon Banking Group Stock Up 0.9%

The stock has a 50-day simple moving average of GBX 882.57 and a two-hundred day simple moving average of GBX 795.21. The firm has a market cap of £1.85 billion, a PE ratio of 9.99, a P/E/G ratio of 0.50 and a beta of 1.52.

Insider Activity at Paragon Banking Group

In related news, insider Richard Woodman bought 2,193 shares of the company’s stock in a transaction that occurred on Monday, March 31st. The stock was purchased at an average price of GBX 746 ($10.24) per share, for a total transaction of £16,359.78 ($22,450.64). 3.59% of the stock is owned by corporate 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.