Paragon Banking Group PLC (LON:PAG) Given Average Recommendation of “Buy” by Brokerages

Shares of Paragon Banking Group PLC (LON:PAG) have received an average rating of “Buy” from the six ratings firms that are covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a buy rating. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 1,040.17.

Several equities research analysts recently commented on PAG shares. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 1,050 target price on shares of Paragon Banking Group in a research note on Wednesday, June 3rd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 1,100 price target on shares of Paragon Banking Group in a research note on Wednesday, June 3rd. Jefferies Financial Group restated a “buy” rating and set a GBX 1,000 price target on shares of Paragon Banking Group in a report on Tuesday, June 2nd. Finally, UBS Group reaffirmed a “buy” rating and set a GBX 1,035 price objective on shares of Paragon Banking Group in a research report on Friday, May 29th.

Paragon Banking Group Stock Performance

Shares of PAG opened at GBX 810 on Thursday. The company has a current ratio of 16.10, a quick ratio of 1.48 and a debt-to-equity ratio of 163.38. The firm’s fifty day simple moving average is GBX 765.76 and its two-hundred day simple moving average is GBX 796.71. Paragon Banking Group has a 12 month low of GBX 681.50 and a 12 month high of GBX 981. The stock has a market capitalization of £1.50 billion, a P/E ratio of 9.00, a price-to-earnings-growth ratio of 0.50 and a beta of 1.19.

Paragon Banking Group (LON:PAG) last posted its quarterly earnings data on Tuesday, June 2nd. The company reported GBX 52.10 earnings per share for the quarter. The firm 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%. As a group, analysts predict that Paragon Banking Group will post 104.0245566 EPS for the current year.

Paragon Banking Group declared that its board has initiated a share buyback plan on Monday, July 6th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership 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.