Paragon Banking Group (LON:PAG) Earns “Buy” Rating from Jefferies Financial Group

Paragon Banking Group (LON:PAG)‘s stock had its “buy” rating reaffirmed by stock analysts at Jefferies Financial Group in a research report issued on Wednesday,Digital Look reports. They presently have a GBX 1,000 price target on the stock. Jefferies Financial Group’s price target indicates a potential upside of 16.08% from the company’s previous close.

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

Paragon Banking Group Price Performance

PAG opened at GBX 861.50 on Wednesday. Paragon Banking Group has a fifty-two week low of GBX 681.50 and a fifty-two week high of GBX 932.50. The firm has a 50-day moving average of GBX 771.82 and a 200 day moving average of GBX 795.24. 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 £1.59 billion, a P/E ratio of 9.57, a PEG ratio of 0.50 and a beta of 1.19.

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

Paragon Banking Group declared that its board has authorized a stock repurchase program on Monday, July 6th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

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.