Shore Capital Reaffirms “Buy” Rating for Paragon Banking Group (LON:PAG)

Paragon Banking Group (LON:PAG)‘s stock had its “buy” rating reiterated by Shore Capital in a note issued to investors on Thursday,Digital Look reports.

Paragon Banking Group Stock Up 3.7 %

Paragon Banking Group stock traded up GBX 26 ($0.33) during trading on Thursday, hitting GBX 731 ($9.34). The stock had a trading volume of 376,486 shares, compared to its average volume of 1,065,983. Paragon Banking Group has a 1 year low of GBX 650.50 ($8.31) and a 1 year high of GBX 868 ($11.09). The stock’s 50 day moving average is GBX 752.55 and its two-hundred day moving average is GBX 746.21. The stock has a market cap of £1.46 billion, a price-to-earnings ratio of 7.89, a price-to-earnings-growth ratio of 0.50 and a beta of 1.52.

Insiders Place Their Bets

In other Paragon Banking Group news, insider Graeme Yorston acquired 458 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were bought at an average price of GBX 717 ($9.16) per share, for a total transaction of £3,283.86 ($4,196.09). Also, insider Richard Woodman acquired 2,193 shares of the stock in a transaction that occurred on Monday, March 31st. The stock was acquired at an average price of GBX 746 ($9.53) per share, for a total transaction of £16,359.78 ($20,904.40). Insiders have purchased a total of 2,810 shares of company stock worth $2,082,024 over the last 90 days. Corporate insiders own 3.59% 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.