Paragon Banking Group (LON:PAG) Shares Down 0.2% – Here’s Why

Paragon Banking Group PLC (LON:PAG)’s stock price fell 0.2% during trading on Wednesday. The company traded as low as GBX 749 and last traded at GBX 755.50. 198,633 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 1,137,792 shares. The stock had previously closed at GBX 757.

Analysts Set New Price Targets

Several brokerages have weighed in on PAG. Deutsche Bank reaffirmed a “buy” rating and set a GBX 1,100 price objective on shares of Paragon Banking Group in a research note on Thursday, July 30th. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 1,050 target price on shares of Paragon Banking Group in a research note on Thursday, July 30th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 1,070 target price on shares of Paragon Banking Group in a report on Wednesday, September 2nd. Five research analysts have rated the stock with a Buy rating. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of GBX 1,062.

Paragon Banking Group Stock Performance

The stock has a 50 day moving average price of GBX 742.89 and a two-hundred day moving average price of GBX 780.01. The company has a debt-to-equity ratio of 163.38, a current ratio of 16.10 and a quick ratio of 1.48. The company has a market capitalization of £1.35 billion, a price-to-earnings ratio of 8.37, a price-to-earnings-growth ratio of 0.50 and a beta of 1.21.

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.