Analysts Set Paragon Banking Group PLC (LON:PAG) Target Price at GBX 525.67

Shares of Paragon Banking Group PLC (LON:PAG) have been given an average recommendation of “Buy” by the seven analysts that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is GBX 539.25 ($7.05).

A number of research analysts have weighed in on the stock. Peel Hunt raised their price objective on shares of Paragon Banking Group from GBX 485 ($6.34) to GBX 580 ($7.58) and gave the company a “buy” rating in a research note on Monday. Royal Bank of Canada dropped their price objective on shares of Paragon Banking Group from GBX 440 ($5.75) to GBX 410 ($5.36) and set an “underperform” rating on the stock in a research note on Thursday, June 20th. Canaccord Genuity raised their price objective on shares of Paragon Banking Group from GBX 495 ($6.47) to GBX 500 ($6.53) and gave the company a “buy” rating in a research note on Thursday, June 13th. Numis Securities reaffirmed a “hold” rating on shares of Paragon Banking Group in a research note on Tuesday, May 28th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Paragon Banking Group in a research note on Tuesday, July 23rd.

In related news, insider Hugo Tudor sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of GBX 450 ($5.88), for a total transaction of £225,000 ($294,002.35).

Shares of Paragon Banking Group stock traded up GBX 0.60 ($0.01) during trading hours on Wednesday, reaching GBX 413.40 ($5.40). The company’s stock had a trading volume of 720,290 shares, compared to its average volume of 729,645. Paragon Banking Group has a one year low of GBX 379.20 ($4.95) and a one year high of GBX 497.40 ($6.50). The company has a market capitalization of $1.08 billion and a P/E ratio of 7.76. The stock’s fifty day simple moving average is GBX 423.49 and its two-hundred day simple moving average is GBX 436.38. The company has a debt-to-equity ratio of 692.41, a quick ratio of 2.41 and a current ratio of 2.41.

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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Analyst Recommendations for Paragon Banking Group (LON:PAG)

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