Paragon Banking Group (LON:PAG) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Paragon Banking Group PLC (LON:PAG)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 779.02 and traded as high as GBX 791. Paragon Banking Group shares last traded at GBX 781, with a volume of 189,286 shares traded.

Analyst Upgrades and Downgrades

PAG has been the subject of several research analyst reports. Jefferies Financial Group reissued a “buy” rating and issued a GBX 1,070 price objective on shares of Paragon Banking Group in a report on Wednesday, September 2nd. Royal Bank Of Canada reiterated 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. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 1,100 price target on shares of Paragon Banking Group in a report on Thursday, July 30th. Finally, UBS Group reissued 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. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Paragon Banking Group presently has an average rating of “Buy” and an average target price of GBX 1,062.

Paragon Banking Group Trading Down 1.4%

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’s 50 day moving average is GBX 810.90 and its two-hundred day moving average is GBX 778.96. The stock has a market cap of £1.38 billion, a price-to-earnings ratio of 8.56, a price-to-earnings-growth ratio of 0.50 and a beta of 1.19.

Paragon Banking Group announced that its Board of Directors has authorized a share repurchase program on Monday, July 6th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are 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.