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

UBS Group reiterated their buy rating on shares of Paragon Banking Group (LON:PAG) in a research report released on Friday, Marketbeat.com reports. UBS Group currently has a GBX 1,035 price target on the stock.

Separately, Jefferies Financial Group reduced their price objective on Paragon Banking Group from GBX 1,060 to GBX 1,000 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Five research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of GBX 1,028.20.

Paragon Banking Group Stock Up 0.9%

PAG stock opened at GBX 766.50 on Friday. The company has a debt-to-equity ratio of 120.17, a current ratio of 0.28 and a quick ratio of 1.48. The stock has a market capitalization of £1.42 billion, a P/E ratio of 8.72, a P/E/G ratio of 0.50 and a beta of 1.18. The business has a fifty day moving average price of GBX 754.42 and a 200-day moving average price of GBX 813.77. Paragon Banking Group has a 1-year low of GBX 695.50 and a 1-year high of GBX 981.

Insider Buying and Selling at Paragon Banking Group

In related news, insider Nigel S. Terrington sold 102,876 shares of the business’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of GBX 777, for a total transaction of £799,346.52. Also, insider Peter Hill bought 382 shares of the stock in a transaction that occurred on Wednesday, March 11th. The shares were purchased at an average price of GBX 784 per share, with a total value of £2,994.88. In the last ninety days, insiders have bought 2,751 shares of company stock valued at $2,184,450. Insiders own 2.09% 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.