Paragon Group of Companies PLC (LON:PAG) was downgraded by Bank of America Corp. to a ” underperform” rating in a research report issued on Thursday. They presently have a GBX 360 ($4.50) target price on the stock. Bank of America Corp.’s target price suggests a potential downside of 2.83% from the stock’s previous close.

Several other brokerages have also recently issued reports on PAG. Barclays PLC lifted their price objective on Paragon Group of Companies PLC from GBX 320 ($4.00) to GBX 350 ($4.37) and gave the company an “equal weight” rating in a research note on Thursday. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a GBX 230 ($2.87) price objective on shares of Paragon Group of Companies PLC in a research note on Thursday. Panmure Gordon reiterated a “hold” rating and issued a GBX 400 ($5.00) price objective on shares of Paragon Group of Companies PLC in a research note on Wednesday. Numis Securities Ltd reiterated a “hold” rating and issued a GBX 298 ($3.72) price objective on shares of Paragon Group of Companies PLC in a research note on Wednesday. Finally, Peel Hunt reiterated a “buy” rating and issued a GBX 460 ($5.75) price objective on shares of Paragon Group of Companies PLC in a research note on Wednesday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 352.60 ($4.41).

Analyst Recommendations for Paragon Group of Companies PLC (LON:PAG)

Paragon Group of Companies PLC (LON:PAG) traded down 6.48% during trading on Thursday, hitting GBX 346.50. 1,255,450 shares of the stock traded hands. The company’s market cap is GBX 981.97 million. The company’s 50 day moving average price is GBX 333.61 and its 200 day moving average price is GBX 303.75. Paragon Group of Companies PLC has a 12 month low of GBX 225.10 and a 12 month high of GBX 396.50.

The business also recently announced a dividend, which will be paid on Monday, February 13th. Shareholders of record on Thursday, January 5th will be paid a GBX 9.20 ($0.11) dividend. This is an increase from Paragon Group of Companies PLC’s previous dividend of $4.30. This represents a dividend yield of 2.48%. The ex-dividend date of this dividend is Thursday, January 5th.

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Paragon Group of Companies PLC Company Profile

The Paragon Group of Companies PLC is a United Kingdom-based specialist lender of buy-to-let mortgages to professional landlords and residential property investors, as well as an active acquirer of loan assets and portfolios, and a loan servicing provider for third party clients. The Company operates in three business segments: Paragon Mortgages, Idem Capital and Paragon Bank.

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