Paragon Banking Group (LON:PAG)‘s stock had its “buy” rating reaffirmed by stock analysts at Peel Hunt in a research report issued on Wednesday, ThisIsMoney.Co.Uk reports.
Several other equities research analysts also recently issued reports on PAG. UBS Group restated a “buy” rating on shares of Paragon Banking Group in a report on Friday, January 25th. Shore Capital restated a “buy” rating on shares of Paragon Banking Group in a report on Monday, January 28th. Jefferies Financial Group restated a “buy” rating and issued a GBX 667 ($8.72) price target on shares of Paragon Banking Group in a report on Monday, March 25th. Finally, Numis Securities upgraded Paragon Banking Group to a “hold” rating in a report on Thursday, May 16th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Paragon Banking Group has an average rating of “Buy” and a consensus price target of GBX 557.43 ($7.28).
Shares of Paragon Banking Group stock opened at GBX 439.80 ($5.75) on Wednesday. Paragon Banking Group has a 1 year low of GBX 379.20 ($4.95) and a 1 year high of GBX 558.50 ($7.30). The stock has a market capitalization of $1.14 billion and a price-to-earnings ratio of 8.11. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 726.88.
In other Paragon Banking Group news, insider Hugo Tudor sold 50,000 shares of the stock in a transaction dated Wednesday, February 27th. The stock was sold at an average price of GBX 429 ($5.61), for a total value of £214,500 ($280,282.24).
About Paragon Banking Group
Paragon Banking Group PLC provides financial services in the United Kingdom. The company operates through three segments: Mortgages, Commercial Lending, and Idem Capital. The Mortgages segment offers buy-to-let first charge, and owner-occupied first and second charge mortgages on residential property.
Further Reading: Are sell-side analysts objective?
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