Paragon Banking Group (LON:PAG) Share Price Passes Above 200-Day Moving Average – Time to Sell?

Paragon Banking Group PLC (LON:PAG) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 873.02 and traded as high as GBX 881. Paragon Banking Group shares last traded at GBX 881, with a volume of 215,502 shares traded.

Analyst Ratings Changes

Several brokerages have commented on PAG. Royal Bank Of Canada increased their price target on shares of Paragon Banking Group from GBX 975 to GBX 1,050 and gave the company an “outperform” rating in a research note on Thursday, December 4th. Shore Capital upgraded shares of Paragon Banking Group to a “buy” rating and set a GBX 1,000 target price for the company in a report on Wednesday, December 3rd. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Paragon Banking Group has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,016.50.

Paragon Banking Group Stock Up 0.5%

The company has a fifty day moving average of GBX 836.10 and a two-hundred day moving average of GBX 873.02. The stock has a market capitalization of £1.67 billion, a price-to-earnings ratio of 10.02, a P/E/G ratio of 0.50 and a beta of 1.52.

Paragon Banking Group announced that its board has approved a share buyback program on Wednesday, December 3rd that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling at Paragon Banking Group

In related news, insider Nigel S. Terrington purchased 30,280 shares of the company’s stock in a transaction that occurred on Thursday, December 4th. The shares were purchased at an average price of GBX 785 per share, with a total value of £237,698. Also, insider Richard Woodman bought 18,436 shares of the firm’s stock in a transaction dated Thursday, December 4th. The stock was acquired at an average cost of GBX 785 per share, with a total value of £144,722.60. Insiders acquired 63,716 shares of company stock worth $50,362,060 in the last ninety days. 1.99% of the stock is 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.
Its operations are organised into two lending divisions and lending is funded largely by retail deposits.