Brokerages Set Paragon Banking Group PLC (LON:PAG) Price Target at GBX 1,040.17

Paragon Banking Group PLC (LON:PAG) has received a consensus rating of “Buy” from the six research firms that are currently covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a buy recommendation. The average twelve-month price target among analysts that have issued a report on the stock in the last year is GBX 1,040.17.

Several analysts recently commented on the company. UBS Group reaffirmed a “buy” rating and set a GBX 1,035 price objective on shares of Paragon Banking Group in a research note on Friday, May 29th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 1,000 target price on shares of Paragon Banking Group in a research note on Tuesday, June 2nd. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 1,050 price target on shares of Paragon Banking Group in a report on Wednesday, June 3rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 1,100 price target on shares of Paragon Banking Group in a research report on Wednesday, June 3rd.

Paragon Banking Group Price Performance

Paragon Banking Group stock opened at GBX 815.50 on Thursday. Paragon Banking Group has a one year low of GBX 681.50 and a one year high of GBX 981. The company has a debt-to-equity ratio of 163.38, a current ratio of 16.10 and a quick ratio of 1.48. The company has a market capitalization of £1.51 billion, a PE ratio of 9.06, a price-to-earnings-growth ratio of 0.50 and a beta of 1.19. The business has a 50 day simple moving average of GBX 768.82 and a 200 day simple moving average of GBX 796.42.

Paragon Banking Group (LON:PAG) last announced its quarterly earnings results on Tuesday, June 2nd. The company reported GBX 52.10 earnings per share for the quarter. Paragon Banking Group had a net margin of 14.98% and a return on equity of 11.98%. The company had revenue of £259.20 million for the quarter. On average, sell-side analysts forecast that Paragon Banking Group will post 104.0245566 EPS for the current fiscal year.

Paragon Banking Group declared that its Board of Directors has initiated a stock buyback plan on Monday, July 6th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

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.