Paragon Banking Group PLC (LON:PAG) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Paragon Banking Group PLC (LON:PAG) have been assigned a consensus rating of “Buy” from the six ratings firms that are covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a buy rating. The average 12-month price objective among brokers that have issued a report on the stock in the last year is GBX 1,040.17.

PAG has been the topic of several research analyst reports. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,000 price target on shares of Paragon Banking Group in a research note on Tuesday. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 1,050 price target on shares of Paragon Banking Group in a research note on Wednesday. UBS Group reiterated a “buy” rating and issued a GBX 1,035 price target on shares of Paragon Banking Group in a research note on Friday, May 29th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 1,100 price target on shares of Paragon Banking Group in a research note on Wednesday.

Paragon Banking Group Stock Up 2.2%

Shares of PAG stock opened at GBX 750.50 on Wednesday. The stock has a market cap of £1.39 billion, a P/E ratio of 8.54, a PEG ratio of 0.50 and a beta of 1.18. Paragon Banking Group has a 52 week low of GBX 681.50 and a 52 week high of GBX 981. The company has a quick ratio of 1.48, a current ratio of 0.28 and a debt-to-equity ratio of 120.17. The company’s fifty day simple moving average is GBX 753.86 and its two-hundred day simple moving average is GBX 813.16.

Paragon Banking Group (LON:PAG) last announced its quarterly earnings results 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 21.40% and a return on equity of 12.75%. Analysts predict that Paragon Banking Group will post 104.0245566 EPS for the current fiscal year.

Insider Activity

In other news, insider Nigel S. Terrington sold 102,876 shares of the company’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of GBX 777, for a total transaction of £799,346.52. Also, insider Zoe Howorth bought 1,869 shares of the firm’s stock in a transaction dated Friday, March 6th. The shares were acquired at an average price of GBX 798 per share, for a total transaction of £14,914.62. In the last three months, insiders bought 2,751 shares of company stock worth $2,184,450. 2.09% of the stock is owned by insiders.

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.