Paragon Banking Group (LON:PAG) Given Outperform Rating at Royal Bank Of Canada

Royal Bank Of Canada reiterated their outperform rating on shares of Paragon Banking Group (LON:PAG) in a report published on Wednesday, MarketBeat reports. They currently have a GBX 1,050 price target on the stock.

PAG has been the subject of a number of other research reports. Shore Capital boosted their price objective on shares of Paragon Banking Group from GBX 1,040 to GBX 1,055 and gave the stock a “buy” rating in a research note on Tuesday. UBS Group reaffirmed a “buy” rating and issued a GBX 1,020 price objective on shares of Paragon Banking Group in a report on Friday, January 16th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 1,028.20.

Paragon Banking Group Stock Down 0.7%

Paragon Banking Group stock opened at GBX 873.50 on Wednesday. The firm’s fifty day moving average is GBX 855.75 and its 200 day moving average is GBX 868.57. The company has a market cap of £1.65 billion, a price-to-earnings ratio of 9.94, a PEG ratio of 0.50 and a beta of 1.52. Paragon Banking Group has a 52-week low of GBX 650.50 and a 52-week high of GBX 981.

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

Paragon Banking Group announced that its board has approved a share buyback plan on Wednesday, December 3rd that allows the company to repurchase 0 shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling at Paragon Banking Group

In other news, insider Richard Woodman bought 18,436 shares of the firm’s stock in a transaction on Thursday, December 4th. The shares were bought at an average cost of GBX 785 per share, for a total transaction of £144,722.60. Also, insider Nigel S. Terrington bought 30,280 shares of the business’s stock in a transaction on Thursday, December 4th. The shares were acquired at an average cost of GBX 785 per share, with a total value of £237,698. In the last quarter, insiders have bought 63,716 shares of company stock worth $50,362,060. Insiders own 1.99% of the company’s stock.

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.