Paragon Banking Group PLC (LON:PAG) Given Consensus Rating of “Buy” by Analysts
Shares of Paragon Banking Group PLC (LON:PAG) have earned a consensus rating of “Buy” from the eight brokerages that are currently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 464.80 ($5.72).
A number of research firms have recently weighed in on PAG. Societe Generale raised their target price on Paragon Banking Group from GBX 430 ($5.29) to GBX 440 ($5.41) and gave the company a “buy” rating in a report on Friday. Royal Bank of Canada dropped their target price on Paragon Banking Group from GBX 390 ($4.80) to GBX 360 ($4.43) and set a “sector performer” rating on the stock in a report on Wednesday. Shore Capital reiterated a “buy” rating on shares of Paragon Banking Group in a report on Wednesday, June 10th. Peel Hunt reiterated a “buy” rating on shares of Paragon Banking Group in a report on Friday, June 19th. Finally, UBS Group reiterated a “buy” rating and set a GBX 450 ($5.54) price target (up from GBX 435 ($5.35)) on shares of Paragon Banking Group in a report on Monday, June 29th.
PAG stock opened at GBX 348.20 ($4.29) on Friday. Paragon Banking Group has a twelve month low of GBX 217 ($2.67) and a twelve month high of GBX 555.50 ($6.84). The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 580.52. The stock’s 50 day moving average is GBX 345.65 and its 200-day moving average is GBX 413.30. The firm has a market capitalization of $900.77 million and a PE ratio of 7.99.
In other news, insider Alison Morris bought 4,000 shares of the firm’s stock in a transaction on Friday, June 26th. The stock was acquired at an average cost of GBX 354 ($4.36) per share, with a total value of £14,160 ($17,425.55). Also, insider Barbara Ridpath bought 2,000 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was purchased at an average cost of GBX 360 ($4.43) per share, with a total value of £7,200 ($8,860.45).
Paragon Banking Group Company Profile
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.
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