Paragon Banking Group’s (PAG) “Buy” Rating Reiterated at UBS Group

UBS Group reaffirmed their buy rating on shares of Paragon Banking Group (LON:PAG) in a research report report published on Friday, MarketBeat reports. UBS Group currently has a GBX 1,020 price objective on the stock.

Several other brokerages have also recently commented on PAG. 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 report on Thursday, December 4th. Shore Capital raised Paragon Banking Group to a “buy” rating and set a GBX 1,000 price objective for the company in a research note on Wednesday, December 3rd. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of GBX 1,017.20.

Paragon Banking Group Stock Performance

Paragon Banking Group stock opened at GBX 902 on Friday. The business’s fifty day moving average is GBX 844.31 and its two-hundred day moving average is GBX 870.78. Paragon Banking Group has a 52 week low of GBX 650.50 and a 52 week high of GBX 981. The firm has a market cap of £1.71 billion, a P/E ratio of 10.26, a P/E/G ratio of 0.50 and a beta of 1.52.

Paragon Banking Group (LON:PAG) last posted its quarterly earnings data on Friday, January 16th. The company reported GBX 91.20 earnings per share (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 predict that Paragon Banking Group will post 104.0245566 earnings per share for the current year.

Paragon Banking Group declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, December 3rd that permits the company to repurchase 0 shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In other Paragon Banking Group news, insider Nigel S. Terrington acquired 30,280 shares of the company’s stock in a transaction that occurred on Thursday, December 4th. The shares were acquired at an average price of GBX 785 per share, with a total value of £237,698. Also, insider Richard Woodman bought 15,000 shares of Paragon Banking Group stock in a transaction on Tuesday, December 9th. The shares were acquired at an average price of GBX 808 per share, for a total transaction of £121,200. In the last 90 days, insiders purchased 63,716 shares of company stock valued at $50,362,060. 1.99% of the stock is owned by corporate insiders.

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.
Its operations are organised into two lending divisions and lending is funded largely by retail deposits.