Deutsche Bank Aktiengesellschaft Reiterates “Buy” Rating for Paragon Banking Group (LON:PAG)

Paragon Banking Group (LON:PAG)‘s stock had its “buy” rating reiterated by research analysts at Deutsche Bank Aktiengesellschaft in a report released on Thursday,Digital Look reports. They presently have a GBX 1,100 price target on the stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 28.81% from the stock’s current price.

Several other equities research analysts also recently issued reports on the company. UBS Group reaffirmed a “buy” rating and set a GBX 1,035 price target on shares of Paragon Banking Group in a report on Friday, May 29th. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 1,050 price objective on shares of Paragon Banking Group in a report on Thursday. 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, Paragon Banking Group has an average rating of “Buy” and a consensus target price of GBX 1,040.17.

Paragon Banking Group Price Performance

LON:PAG opened at GBX 854 on Thursday. The company has a market cap of £1.58 billion, a P/E ratio of 9.49, a P/E/G ratio of 0.50 and a beta of 1.19. Paragon Banking Group has a 52-week low of GBX 681.50 and a 52-week high of GBX 932.50. The stock’s 50-day simple moving average is GBX 773.75 and its 200 day simple moving average is GBX 795.01. The company has a debt-to-equity ratio of 163.38, a quick ratio of 1.48 and a current ratio of 16.10.

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

Paragon Banking Group announced that its board has initiated a stock buyback program on Monday, July 6th that permits the company to buyback 0 outstanding 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 management believes its stock is undervalued.

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.