Paragon Banking Group (LON:PAG) Given New GBX 1,055 Price Target at Shore Capital

Paragon Banking Group (LON:PAG) had its price target hoisted by Shore Capital from GBX 1,040 to GBX 1,055 in a research note issued to investors on Tuesday, Marketbeat Ratings reports. Shore Capital currently has a buy rating on the stock.

Other research analysts also recently issued reports about the stock. Royal Bank Of Canada raised their price target on shares of 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. UBS Group reissued a “buy” rating and issued a GBX 1,020 target price on shares of Paragon Banking Group in a report on Friday, January 16th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Paragon Banking Group presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,028.20.

Paragon Banking Group Trading Down 0.7%

Shares of LON PAG opened at GBX 873.50 on Tuesday. The company has a market capitalization of £1.65 billion, a price-to-earnings ratio of 9.94, a price-to-earnings-growth ratio of 0.50 and a beta of 1.52. Paragon Banking Group has a twelve month low of GBX 650.50 and a twelve month high of GBX 981. The business has a 50 day simple moving average of GBX 854.70 and a 200-day simple moving average of GBX 868.53.

Paragon Banking Group (LON:PAG) last announced its quarterly earnings data on Friday, January 16th. The company reported GBX 91.20 earnings per share (EPS) for the quarter. Paragon Banking Group had a return on equity of 14.13% and a net margin of 25.14%. As a group, equities analysts predict that Paragon Banking Group will post 104.0245566 earnings per share for the current year.

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

Insider Activity

In other news, insider Richard Woodman bought 15,000 shares of Paragon Banking Group stock in a transaction on Tuesday, December 9th. The stock was purchased at an average cost of GBX 808 per share, with a total value of £121,200. Also, insider Nigel S. Terrington bought 30,280 shares of the firm’s stock in a transaction on Thursday, December 4th. The stock was purchased at an average price of GBX 785 per share, with a total value of £237,698. Over the last quarter, insiders purchased 63,716 shares of company stock worth $50,362,060. 1.99% of the stock is currently owned by 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.
Its operations are organised into two lending divisions and lending is funded largely by retail deposits.