Paragon Banking Group (LON:PAG) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Paragon Banking Group PLC (LON:PAG) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 852.47 ($11.42) and traded as high as GBX 887.50 ($11.89). Paragon Banking Group shares last traded at GBX 861 ($11.53), with a volume of 345,459 shares trading hands.

Analysts Set New Price Targets

A number of research firms have issued reports on PAG. Shore Capital cut shares of Paragon Banking Group to a “hold” rating and set a GBX 975 price target for the company. in a report on Tuesday, July 29th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 1,001 price target on shares of Paragon Banking Group in a report on Monday, August 4th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 975 price target on shares of Paragon Banking Group in a report on Wednesday, July 30th. Finally, Jefferies Financial Group raised their price target on shares of Paragon Banking Group from GBX 930 to GBX 1,015 and gave the stock a “hold” rating in a report on Tuesday, August 26th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 991.50.

Paragon Banking Group Price Performance

The company’s fifty day moving average is GBX 922.58 and its 200-day moving average is GBX 852.47. The stock has a market cap of £1.66 billion, a PE ratio of 892.23, a PEG ratio of 0.50 and a beta of 1.52.

Insider Buying and Selling

In other Paragon Banking Group news, insider Nigel S. Terrington bought 2,753 shares of Paragon Banking Group stock in a transaction that occurred on Monday, June 30th. The stock was purchased at an average price of GBX 941 per share, with a total value of £25,905.73. Also, insider Richard Woodman bought 1,739 shares of Paragon Banking Group stock in a transaction that occurred on Monday, June 30th. The shares were acquired at an average cost of GBX 941 per share, with a total value of £16,363.99. 1.95% of the stock is currently owned by corporate insiders.

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.