Paragon Banking Group (LON:PAG) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Paragon Banking Group PLC (LON:PAG) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 790.78 and traded as high as GBX 838.50. Paragon Banking Group shares last traded at GBX 834.38, with a volume of 301,363 shares changing hands.

Analysts Set New Price Targets

A number of brokerages recently issued reports on PAG. Jefferies Financial Group restated a “buy” rating and set a GBX 1,000 target price on shares of Paragon Banking Group in a research report on Wednesday, July 29th. Royal Bank Of Canada restated an “outperform” rating and set a GBX 1,050 price objective on shares of Paragon Banking Group in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 1,100 price objective on shares of Paragon Banking Group in a research report on Thursday, July 30th. Finally, UBS Group reiterated a “buy” rating and set a GBX 1,035 target price on shares of Paragon Banking Group in a research report on Friday, May 29th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Paragon Banking Group has a consensus rating of “Buy” and an average price target of GBX 1,048.

Paragon Banking Group Stock Performance

The company has a market cap of £1.52 billion, a price-to-earnings ratio of 9.27, a price-to-earnings-growth ratio of 0.50 and a beta of 1.20. The stock’s fifty day simple moving average is GBX 793.89 and its two-hundred day simple moving average is GBX 790.78. The company has a debt-to-equity ratio of 163.38, a quick ratio of 1.48 and a current ratio of 16.10.

Paragon Banking Group (LON:PAG) last released its quarterly earnings data on Tuesday, June 2nd. The company reported GBX 52.10 EPS for the quarter. The business had revenue of £259.20 million during the quarter. Paragon Banking Group had a return on equity of 11.98% and a net margin of 14.98%. Equities research analysts anticipate that Paragon Banking Group PLC will post 104.0245566 EPS for the current year.

Paragon Banking Group declared that its board has approved a share repurchase program on Monday, July 6th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

About Paragon Banking Group

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.