Paragon Banking Group PLC (LON:PAG) Given Average Recommendation of “Buy” by Analysts

Shares of Paragon Banking Group PLC (LON:PAG) have been given an average recommendation of “Buy” by the six ratings firms that are covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a buy rating. The average twelve-month price objective among analysts that have covered the stock in the last year is GBX 1,040.17.

Several research firms recently weighed in on PAG. Jefferies Financial Group restated a “buy” rating and issued a GBX 1,000 target price on shares of Paragon Banking Group in a report on Tuesday, June 2nd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 1,050 price target on shares of Paragon Banking Group in a research report on Wednesday, June 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 1,100 price target on shares of Paragon Banking Group in a research report on Wednesday, June 3rd. Finally, UBS Group reaffirmed a “buy” rating and issued a GBX 1,035 price target on shares of Paragon Banking Group in a research report on Friday, May 29th.

Paragon Banking Group Stock Down 1.7%

PAG opened at GBX 778.50 on Friday. The business has a 50 day moving average price of GBX 755.02 and a 200 day moving average price of GBX 804.90. Paragon Banking Group has a twelve month low of GBX 681.50 and a twelve month high of GBX 981. The company has a debt-to-equity ratio of 163.38, a quick ratio of 1.48 and a current ratio of 16.10. The firm has a market cap of £1.44 billion, a P/E ratio of 8.65, a price-to-earnings-growth ratio of 0.50 and a beta of 1.18.

Paragon Banking Group (LON:PAG) last posted its earnings results on Tuesday, June 2nd. The company reported GBX 52.10 earnings per share for the quarter. Paragon Banking Group had a return on equity of 11.98% and a net margin of 14.98%.The firm had revenue of £259.20 million during the quarter. Research analysts forecast that Paragon Banking Group will post 104.0245566 EPS for the current year.

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.