Richard Woodman Acquires 18,436 Shares of Paragon Banking Group (LON:PAG) Stock

Paragon Banking Group PLC (LON:PAG) insider Richard Woodman acquired 18,436 shares of the stock in a transaction that occurred on Thursday, December 4th. The stock was acquired at an average cost of GBX 785 per share, for a total transaction of £144,722.60.

Richard Woodman also recently made the following trade(s):

• On Monday, September 29th, Richard Woodman bought 1,914 shares of Paragon Banking Group stock. The shares were acquired at an average price of GBX 857 per share, for a total transaction of £16,402.98.

Paragon Banking Group Trading Up 1.0%

Paragon Banking Group stock opened at GBX 788.50 on Friday. Paragon Banking Group PLC has a 12 month low of GBX 650.50 and a 12 month high of GBX 981. The stock has a fifty day simple moving average of GBX 831.65 and a two-hundred day simple moving average of GBX 880.86. The firm has a market cap of £1.50 billion, a price-to-earnings ratio of 8.17, a PEG ratio of 0.50 and a beta of 1.52.

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

Wall Street Analyst Weigh In

PAG has been the topic of several research analyst reports. Royal Bank Of Canada upped their target price on shares of Paragon Banking Group from GBX 975 to GBX 1,050 and gave the company an “outperform” rating in a research note on Thursday. Shore Capital upgraded shares of Paragon Banking Group to a “buy” rating and set a GBX 1,000 price target for the company in a research note on Wednesday. Finally, Jefferies Financial Group boosted their price objective on shares of Paragon Banking Group from GBX 930 to GBX 1,015 and gave the company a “hold” rating in a report on Tuesday, August 26th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,016.50.

About Paragon Banking Group

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.