Paragon Banking Group (LON:PAG) Stock Price Expected to Rise, Shore Capital Analyst Says

Paragon Banking Group (LON:PAG) had its price objective raised by investment analysts at Shore Capital from GBX 1,040 to GBX 1,055 in a report issued on Tuesday, MarketBeat reports. The brokerage currently has a “buy” rating on the stock. Shore Capital’s target price would suggest a potential upside of 20.78% from the stock’s current price.

Several other equities analysts also recently commented on the stock. UBS Group reissued a “buy” rating and issued a GBX 1,020 target price on shares of Paragon Banking Group in a report on Friday, January 16th. Royal Bank Of Canada boosted their price target on shares of Paragon Banking Group from GBX 975 to GBX 1,050 and gave the stock an “outperform” rating in a research note on Thursday, December 4th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Paragon Banking Group currently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,028.20.

Paragon Banking Group Stock Down 0.7%

Shares of Paragon Banking Group stock opened at GBX 873.50 on Tuesday. The company has a market capitalization of £1.65 billion, a price-to-earnings ratio of 9.94, a PEG ratio of 0.50 and a beta of 1.52. The stock’s 50-day simple moving average is GBX 855.75 and its 200-day simple moving average is GBX 868.57. Paragon Banking Group has a 52 week low of GBX 650.50 and a 52 week high of GBX 981.

Paragon Banking Group (LON:PAG) last issued its earnings results 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 analysts expect that Paragon Banking Group will post 104.0245566 earnings per share for the current year.

Paragon Banking Group announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, December 3rd that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s management believes its shares are undervalued.

Insider Transactions at Paragon Banking Group

In related news, insider Nigel S. Terrington acquired 30,280 shares of the firm’s stock in a transaction on Thursday, December 4th. The shares were acquired at an average cost of GBX 785 per share, for a total transaction of £237,698. Also, insider Richard Woodman acquired 18,436 shares of the stock in a transaction dated Thursday, December 4th. The stock was bought at an average cost of GBX 785 per share, with a total value of £144,722.60. In the last ninety days, insiders purchased 63,716 shares of company stock valued at $50,362,060. 1.99% of the stock is owned by insiders.

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.