Paragon Banking Group (LON:PAG) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Shares of Paragon Banking Group PLC (LON:PAG) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 793.11 and traded as high as GBX 846.50. Paragon Banking Group shares last traded at GBX 830, with a volume of 286,612 shares.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,000 target price on shares of Paragon Banking Group in a research note on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 1,100 price target on shares of Paragon Banking Group in a research note on Thursday, July 30th. 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. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 1,050 target price on shares of Paragon Banking Group in a research report on Thursday, July 30th. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Paragon Banking Group presently has an average rating of “Buy” and an average price target of GBX 1,048.

Paragon Banking Group Trading Down 0.7%

The company has a debt-to-equity ratio of 163.38, a current ratio of 16.10 and a quick ratio of 1.48. The business’s fifty day simple moving average is GBX 784.70 and its 200 day simple moving average is GBX 793.11. The stock has a market cap of £1.53 billion, a price-to-earnings ratio of 9.16, a P/E/G ratio of 0.50 and a beta of 1.19.

Paragon Banking Group (LON:PAG) last issued its earnings results on Tuesday, June 2nd. The company reported GBX 52.10 earnings per share 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 for the quarter. On average, research analysts predict that Paragon Banking Group PLC will post 104.0245566 EPS for the current year.

Paragon Banking Group declared that its board has approved a stock buyback plan on Monday, July 6th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its stock is 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.