Paragon Banking Group’s (PAG) Buy Rating Reaffirmed at Jefferies Financial Group

Paragon Banking Group (LON:PAG)‘s stock had its “buy” rating reaffirmed by stock analysts at Jefferies Financial Group in a note issued to investors on Tuesday,London Stock Exchange reports. They presently have a GBX 1,000 price objective on the stock. Jefferies Financial Group’s target price indicates a potential upside of 35.59% from the stock’s previous close.

Separately, UBS Group reaffirmed a “buy” rating and issued a GBX 1,035 price objective on shares of Paragon Banking Group in a research note on Friday. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of GBX 1,028.20.

Paragon Banking Group Stock Down 3.8%

Shares of PAG opened at GBX 737.50 on Tuesday. The business’s 50 day moving average is GBX 753.86 and its 200 day moving average is GBX 813.16. The company has a market capitalization of £1.36 billion, a PE ratio of 8.39, a price-to-earnings-growth ratio of 0.50 and a beta of 1.18. Paragon Banking Group has a 12-month low of GBX 695.50 and a 12-month high of GBX 981. The company has a current ratio of 0.28, a quick ratio of 1.48 and a debt-to-equity ratio of 120.17.

Insiders Place Their Bets

In related news, insider Peter Hill bought 382 shares of the company’s stock in a transaction dated Wednesday, March 11th. The stock was purchased at an average price of GBX 784 per share, for a total transaction of £2,994.88. Also, insider Richard Woodman sold 67,669 shares of Paragon Banking Group stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of GBX 777, for a total value of £525,788.13. Over the last quarter, insiders have purchased 2,751 shares of company stock worth $2,184,450. Insiders own 2.09% of the company’s stock.

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.