Paragon Banking Group (LON:PAG) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Paragon Banking Group PLC (LON:PAG)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 798.90 and traded as high as GBX 803.75. Paragon Banking Group shares last traded at GBX 797, with a volume of 22,203,754 shares trading hands.

Analyst Ratings Changes

A number of equities analysts have weighed in on PAG shares. UBS Group restated a “buy” rating and issued a GBX 1,035 target price on shares of Paragon Banking Group in a research note on Friday, May 29th. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 1,050 price target on shares of Paragon Banking Group in a research report on Wednesday, June 3rd. Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,000 price target on shares of Paragon Banking Group in a research report on Tuesday, June 2nd. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 1,100 price objective on shares of Paragon Banking Group in a report on Wednesday, June 3rd. Six equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of GBX 1,040.17.

Paragon Banking Group Stock Performance

The company’s 50-day moving average price is GBX 757.29 and its two-hundred day moving average price is GBX 798.90. 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 stock has a market cap of £1.47 billion, a PE ratio of 8.86, a PEG ratio of 0.50 and a beta of 1.19.

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

Paragon Banking Group announced that its board has authorized a share buyback plan on Monday, July 6th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

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.