Paragon Banking Group PLC (PAG) Receives GBX 500.43 Consensus Target Price from Brokerages
Paragon Banking Group PLC (LON:PAG) has received a consensus recommendation of “Buy” from the nine ratings firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is GBX 507.57 ($7.01).
A number of equities research analysts recently weighed in on the stock. Numis Securities restated an “under review” rating on shares of Paragon Banking Group in a report on Tuesday, January 23rd. Liberum Capital restated a “buy” rating and issued a GBX 490 ($6.77) target price on shares of Paragon Banking Group in a report on Friday, January 12th. Shore Capital restated a “buy” rating on shares of Paragon Banking Group in a report on Tuesday, January 23rd. Peel Hunt restated an “add” rating and issued a GBX 510 ($7.05) target price on shares of Paragon Banking Group in a report on Tuesday, January 23rd. Finally, Barclays restated an “equal weight” rating and issued a GBX 490 ($6.77) target price on shares of Paragon Banking Group in a report on Wednesday, January 24th.
In other Paragon Banking Group news, insider Hugo Tudor sold 15,000 shares of the company’s stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of GBX 511 ($7.06), for a total value of £76,650 ($105,899.42). Also, insider Alan Fletcher sold 5,000 shares of the company’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of GBX 487 ($6.73), for a total transaction of £24,350 ($33,641.89). Insiders sold a total of 319,525 shares of company stock valued at $79,182,950 over the last ninety days.
The company also recently disclosed a dividend, which will be paid on Monday, February 19th. Shareholders of record on Thursday, January 4th will be given a GBX 11 ($0.15) dividend. This represents a yield of 2.37%. This is an increase from Paragon Banking Group’s previous dividend of $4.70. The ex-dividend date of this dividend is Thursday, January 4th.
Paragon Banking Group Company Profile
Paragon Banking Group PLC, formerly The Paragon Group of Companies PLC, is engaged in financial services business. The Company operates as an independent buy-to-let lender, and as a debt purchaser through its Idem Capital division, where it purchases, co-manages and services secured and unsecured consumer loan portfolios.
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