Numis Securities Upgrades Paragon Banking Group (PAG) to “Hold”

Paragon Banking Group (LON:PAG) was upgraded by Numis Securities to a “hold” rating in a research report issued to clients and investors on Thursday, ThisIsMoney.Co.Uk reports.

A number of other equities research analysts have also recently issued reports on the company. Jefferies Financial Group boosted their price objective on Paragon Banking Group from GBX 560 ($7.32) to GBX 667 ($8.72) and gave the company a “buy” rating in a research note on Tuesday, April 9th. UBS Group reaffirmed a “buy” rating on shares of Paragon Banking Group in a report on Friday, January 25th. Shore Capital reaffirmed a “buy” rating on shares of Paragon Banking Group in a report on Monday, January 28th. Finally, Peel Hunt reaffirmed a “buy” rating on shares of Paragon Banking Group in a report on Monday, January 28th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of GBX 554.14 ($7.24).

Shares of Paragon Banking Group stock opened at GBX 459.40 ($6.00) on Thursday. Paragon Banking Group has a 52-week low of GBX 379.20 ($4.95) and a 52-week high of GBX 558.50 ($7.30). The stock has a market capitalization of $1.19 billion and a P/E ratio of 8.48. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 726.88.

In other Paragon Banking Group news, insider Hugo Tudor sold 50,000 shares of Paragon Banking Group stock in a transaction dated Wednesday, February 27th. The stock was sold at an average price of GBX 429 ($5.61), for a total transaction of £214,500 ($280,282.24). Also, insider Barbara Ridpath bought 2,358 shares of Paragon Banking Group stock in a transaction on Monday, February 18th. The shares were bought at an average cost of GBX 422 ($5.51) per share, with a total value of £9,950.76 ($13,002.43).

About Paragon Banking Group

Paragon Banking Group PLC provides financial services in the United Kingdom. The company operates through three segments: Mortgages, Commercial Lending, and Idem Capital. The Mortgages segment offers buy-to-let first charge, and owner-occupied first and second charge mortgages on residential property.

Recommended Story: What are municipal bonds?

Analyst Recommendations for Paragon Banking Group (LON:PAG)

Receive News & Ratings for Paragon Banking Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paragon Banking Group and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply