Paragon Banking Group (LON:PAG) Given Outperform Rating at Royal Bank Of Canada

Paragon Banking Group (LON:PAG)‘s stock had its “outperform” rating reiterated by investment analysts at Royal Bank Of Canada in a report issued on Thursday,Digital Look reports. They presently have a GBX 1,050 price objective on the stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 23.02% from the company’s previous close.

Other analysts have also issued reports about the stock. UBS Group reissued a “buy” rating and set a GBX 1,035 target price on shares of Paragon Banking Group in a research note on Friday, May 29th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 1,100 price objective on shares of Paragon Banking Group in a report on Wednesday, June 3rd. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 1,000 price objective on shares of Paragon Banking Group in a research report on Wednesday. Six investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of GBX 1,040.17.

Paragon Banking Group Price Performance

Shares of PAG stock opened at GBX 853.50 on Thursday. Paragon Banking Group has a 52-week low of GBX 681.50 and a 52-week high of GBX 932.50. The company has a debt-to-equity ratio of 163.38, a quick ratio of 1.48 and a current ratio of 16.10. The firm has a market capitalization of £1.58 billion, a P/E ratio of 9.48, a P/E/G ratio of 0.50 and a beta of 1.19. The stock has a 50 day moving average price of GBX 773.75 and a 200 day moving average price of GBX 795.01.

Paragon Banking Group (LON:PAG) last announced its quarterly earnings data on Tuesday, June 2nd. The company reported GBX 52.10 EPS for the quarter. Paragon Banking Group had a return on equity of 11.98% and a net margin of 14.98%.The company had revenue of £259.20 million for the quarter. As a group, sell-side analysts predict that Paragon Banking Group will post 104.0245566 earnings per share for the current year.

Paragon Banking Group announced that its Board of Directors has authorized a share buyback plan on Monday, July 6th that permits the company to buyback 0 shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its stock is 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.