Paragon Banking Group PLC (LON:PAG) has received an average recommendation of “Hold” from the nine brokerages that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is GBX 500.43 ($7.02).
A number of equities analysts have issued reports on PAG shares. Peel Hunt reaffirmed an “add” rating and issued a GBX 510 ($7.15) price objective on shares of Paragon Banking Group in a research note on Thursday, November 23rd. Liberum Capital reiterated a “buy” rating and issued a GBX 490 ($6.87) target price on shares of Paragon Banking Group in a report on Thursday, November 23rd. Shore Capital reiterated a “buy” rating on shares of Paragon Banking Group in a report on Thursday, November 23rd. Numis Securities reiterated a “hold” rating and issued a GBX 375 ($5.26) target price on shares of Paragon Banking Group in a report on Thursday, November 23rd. Finally, Canaccord Genuity reiterated a “hold” rating and issued a GBX 500 ($7.01) target price on shares of Paragon Banking Group in a report on Thursday, November 23rd.
In related news, insider Hugo Tudor sold 15,000 shares of the firm’s stock in a transaction on Thursday, January 11th. The shares were sold at an average price of GBX 511 ($7.16), for a total transaction of £76,650 ($107,473.36). Also, insider Alan Fletcher sold 5,000 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of GBX 487 ($6.83), for a total transaction of £24,350 ($34,141.90). Over the last 90 days, insiders have sold 319,525 shares of company stock worth $79,182,950.
The company also recently announced a dividend, which will be paid on Monday, February 19th. Shareholders of record on Thursday, January 4th will be issued a GBX 11 ($0.15) dividend. The ex-dividend date is Thursday, January 4th. This is a positive change from Paragon Banking Group’s previous dividend of $4.70. This represents a yield of 2.37%.
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Paragon Banking Group Company Profile
Paragon Banking Group PLC, formerly The Paragon Group of Companies PLC, is engaged in financial services business. The Company operates as an independent buy-to-let lender, and as a debt purchaser through its Idem Capital division, where it purchases, co-manages and services secured and unsecured consumer loan portfolios.
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