Paragon Banking Group’s (PAG) “Buy” Rating Reaffirmed at UBS Group

UBS Group restated their buy rating on shares of Paragon Banking Group (LON:PAG) in a research note issued to investors on Friday, MarketBeat Ratings reports. They currently have a GBX 1,020 price target on the stock.

Other research analysts have also recently issued reports about the company. Shore Capital upgraded Paragon Banking Group to a “buy” rating and set a GBX 1,000 target price on the stock in a report on Wednesday, December 3rd. Royal Bank Of Canada boosted their price objective on Paragon Banking Group from GBX 975 to GBX 1,050 and gave the stock an “outperform” rating in a research note on Thursday, December 4th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,017.20.

Paragon Banking Group Stock Up 0.6%

Paragon Banking Group stock opened at GBX 902 on Friday. The company has a fifty day simple moving average of GBX 844.31 and a 200-day simple moving average of GBX 871.57. The firm has a market capitalization of £1.71 billion, a price-to-earnings ratio of 10.26, a PEG ratio of 0.50 and a beta of 1.52. Paragon Banking Group has a 52-week low of GBX 650.50 and a 52-week high of GBX 981.

Paragon Banking Group (LON:PAG) last posted its quarterly earnings results on Friday, January 16th. The company reported GBX 91.20 earnings per share for the quarter. Paragon Banking Group had a net margin of 25.14% and a return on equity of 14.13%. On average, research analysts anticipate that Paragon Banking Group will post 104.0245566 EPS for the current fiscal year.

Paragon Banking Group announced that its Board of Directors has initiated a share buyback program on Wednesday, December 3rd that permits the company to buyback 0 shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In other Paragon Banking Group news, insider Richard Woodman bought 18,436 shares of Paragon Banking Group stock in a transaction on Thursday, December 4th. The shares were bought at an average price of GBX 785 per share, for a total transaction of £144,722.60. Also, insider Nigel S. Terrington purchased 30,280 shares of the stock in a transaction dated Thursday, December 4th. The shares were acquired at an average price of GBX 785 per share, with a total value of £237,698. Insiders purchased 63,716 shares of company stock worth $50,362,060 over the last quarter. 1.99% of the stock is currently owned by insiders.

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.