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

Paragon Banking Group PLC (LON:PAG)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 870.35 and traded as high as GBX 907. Paragon Banking Group shares last traded at GBX 900, with a volume of 380,677 shares changing hands.

Analyst Ratings Changes

A number of equities analysts have weighed in on PAG shares. Royal Bank Of Canada boosted their target price on Paragon Banking Group from GBX 975 to GBX 1,050 and gave the stock an “outperform” rating in a research report on Thursday, December 4th. Shore Capital raised shares of Paragon Banking Group to a “buy” rating and set a GBX 1,000 price objective for the company in a report on Wednesday, December 3rd. Finally, UBS Group restated a “buy” rating and set a GBX 1,020 price objective on shares of Paragon Banking Group in a research report on Friday, January 16th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Paragon Banking Group currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,017.20.

Paragon Banking Group Stock Up 0.5%

The company has a market cap of £1.70 billion, a PE ratio of 10.24, a P/E/G ratio of 0.50 and a beta of 1.52. The business’s fifty day moving average is GBX 851.81 and its 200-day moving average is GBX 870.35.

Paragon Banking Group (LON:PAG) last announced its earnings results on Friday, January 16th. The company reported GBX 91.20 EPS for the quarter. Paragon Banking Group had a net margin of 25.14% and a return on equity of 14.13%. Analysts forecast that Paragon Banking Group PLC will post 104.0245566 EPS for the current fiscal year.

Paragon Banking Group announced that its board has initiated a stock buyback plan on Wednesday, December 3rd that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Insider Activity

In other news, insider Nigel S. Terrington bought 30,280 shares of Paragon Banking Group stock in a transaction that occurred on Thursday, December 4th. The stock was bought at an average cost 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 on Thursday, December 4th. The shares were purchased at an average price of GBX 785 per share, for a total transaction of £144,722.60. Insiders bought 63,716 shares of company stock worth $50,362,060 in the last ninety days. Corporate insiders own 1.99% of the company’s stock.

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.