Paragon Banking Group PLC (LON:PAG) Receives GBX 1,040.17 Consensus Target Price from Analysts

Shares of Paragon Banking Group PLC (LON:PAG) have received a consensus recommendation of “Buy” from the six analysts that are currently covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a buy rating. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is GBX 1,040.17.

Several brokerages have recently commented on PAG. UBS Group reiterated a “buy” rating and set a GBX 1,035 price target on shares of Paragon Banking Group in a research report on Friday, May 29th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 1,050 target price on shares of Paragon Banking Group in a report on Wednesday, June 3rd. Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,000 target price on shares of Paragon Banking Group in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 1,100 price target on shares of Paragon Banking Group in a research note on Wednesday, June 3rd.

Paragon Banking Group Trading Up 1.1%

Shares of PAG opened at GBX 853.50 on Thursday. The stock’s fifty day simple moving average is GBX 773.75 and its 200-day simple moving average is GBX 795.01. The company has a quick ratio of 1.48, a current ratio of 16.10 and a debt-to-equity ratio of 163.38. The firm has a market capitalization of £1.58 billion, a PE ratio of 9.48, a price-to-earnings-growth ratio of 0.50 and a beta of 1.19. Paragon Banking Group has a 12-month low of GBX 681.50 and a 12-month high of GBX 932.50.

Paragon Banking Group (LON:PAG) last announced its quarterly earnings data 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. As a group, research analysts predict that Paragon Banking Group will post 104.0245566 earnings per share for the current year.

Paragon Banking Group announced that its Board of Directors has approved a share repurchase program on Monday, July 6th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication 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.