Royal Bank Of Canada Reiterates Outperform Rating for Paragon Banking Group (LON:PAG)

Paragon Banking Group (LON:PAG)‘s stock had its “outperform” rating reaffirmed by equities researchers at Royal Bank Of Canada in a research report issued on Wednesday, Marketbeat.com reports. They presently have a GBX 1,050 target price on the stock. Royal Bank Of Canada’s target price points to a potential upside of 19.45% from the stock’s previous close.

Several other brokerages also recently issued reports on PAG. UBS Group reiterated a “buy” rating and issued a GBX 1,020 target price on shares of Paragon Banking Group in a research note on Friday, January 16th. Shore Capital raised their price objective on Paragon Banking Group from GBX 1,040 to GBX 1,055 and gave the stock a “buy” rating in a research note on Tuesday. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Paragon Banking Group has an average rating of “Moderate Buy” and an average price target of GBX 1,028.20.

Paragon Banking Group Stock Up 0.6%

Paragon Banking Group stock opened at GBX 879 on Wednesday. The stock has a market cap of £1.66 billion, a P/E ratio of 10.00, a P/E/G ratio of 0.50 and a beta of 1.52. Paragon Banking Group has a 52 week low of GBX 650.50 and a 52 week high of GBX 981. The company’s 50 day moving average price is GBX 857.07 and its two-hundred day moving average price is GBX 868.64.

Paragon Banking Group (LON:PAG) last announced its quarterly earnings results on Friday, January 16th. The company reported GBX 91.20 EPS for the quarter. Paragon Banking Group had a net margin of 25.14% and a return on equity of 14.13%. On average, equities analysts anticipate that Paragon Banking Group will post 104.0245566 EPS for the current year.

Paragon Banking Group declared that its board has approved a share repurchase plan on Wednesday, December 3rd that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board believes its stock is undervalued.

Insider Transactions at Paragon Banking Group

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

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.