Paragon Banking Group’s (PAG) Outperform Rating Reaffirmed at Royal Bank Of Canada

Paragon Banking Group (LON:PAG)‘s stock had its “outperform” rating reaffirmed by research analysts at Royal Bank Of Canada in a report issued on Wednesday,Digital Look reports. They presently have a GBX 1,050 price objective on the stock. Royal Bank Of Canada’s price target indicates a potential upside of 39.91% from the company’s current price.

PAG has been the topic of several other research reports. Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,000 price target on shares of Paragon Banking Group in a report on Tuesday. UBS Group reiterated a “buy” rating and set a GBX 1,035 price target on shares of Paragon Banking Group in a report on Friday, May 29th. Six research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of GBX 1,040.17.

Paragon Banking Group Trading Up 2.2%

Shares of PAG opened at GBX 750.50 on Wednesday. Paragon Banking Group has a 52-week low of GBX 681.50 and a 52-week high of GBX 981. The company has a quick ratio of 1.48, a current ratio of 0.28 and a debt-to-equity ratio of 120.17. The firm’s fifty day moving average is GBX 753.86 and its two-hundred day moving average is GBX 813.16. The stock has a market cap of £1.39 billion, a PE ratio of 8.54, a price-to-earnings-growth ratio of 0.50 and a beta of 1.18.

Paragon Banking Group (LON:PAG) last announced its earnings results on Tuesday, June 2nd. The company reported GBX 52.10 earnings per share (EPS) for the quarter. Paragon Banking Group had a net margin of 21.40% and a return on equity of 12.75%. The company had revenue of £259.20 million for the quarter. Research analysts forecast that Paragon Banking Group will post 104.0245566 earnings per share for the current fiscal year.

Insider Buying and Selling at Paragon Banking Group

In related news, insider Graeme Yorston acquired 500 shares of Paragon Banking Group stock in a transaction that occurred on Tuesday, March 10th. The shares were purchased at an average cost of GBX 787 per share, for a total transaction of £3,935. Also, insider Peter Hill acquired 382 shares of Paragon Banking Group stock in a transaction that occurred on Wednesday, March 11th. The stock was bought at an average price of GBX 784 per share, for a total transaction of £2,994.88. Over the last 90 days, insiders have bought 2,751 shares of company stock worth $2,184,450. Corporate insiders own 2.09% 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.
Its operations are organised into two lending divisions and lending is funded largely by retail deposits.