Paragon Banking Group (LON:PAG) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Paragon Banking Group PLC (LON:PAG) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 784.18 and traded as high as GBX 817.50. Paragon Banking Group shares last traded at GBX 807.50, with a volume of 502,269 shares.

Analyst Ratings Changes

A number of analysts have recently issued reports on PAG shares. UBS Group reiterated a “buy” rating and set a GBX 1,035 target price on shares of Paragon Banking Group in a report on Friday, May 29th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 1,050 target price on shares of Paragon Banking Group in a research report on Thursday, July 30th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,070 target price on shares of Paragon Banking Group in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 1,100 target price on shares of Paragon Banking Group in a report on Thursday, July 30th. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of GBX 1,062.

Paragon Banking Group Stock Up 0.8%

The firm’s 50 day moving average price is GBX 807.74 and its two-hundred day moving average price is GBX 783.99. The firm has a market capitalization of £1.50 billion, a PE ratio of 9.13, a P/E/G ratio of 0.50 and a beta of 1.20. The company has a quick ratio of 1.48, a current ratio of 16.10 and a debt-to-equity ratio of 163.38.

Paragon Banking Group (LON:PAG) last released its quarterly 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 14.98% and a return on equity of 11.98%. The firm had revenue of £259.20 million for the quarter. As a group, research analysts forecast that Paragon Banking Group PLC will post 104.0245566 EPS for the current fiscal year.

Paragon Banking Group announced that its Board of Directors has authorized a stock repurchase plan on Monday, July 6th that allows the company to buyback 0 shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

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.