Paragon Banking Group PLC (PAG.L) (LON:PAG) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 397.58 ($5.19) and traded as high as GBX 448.20 ($5.86). Paragon Banking Group PLC (PAG.L) shares last traded at GBX 444.20 ($5.80), with a volume of 242,758 shares traded.
Separately, Canaccord Genuity raised their price target on Paragon Banking Group PLC (PAG.L) from GBX 454 ($5.93) to GBX 548 ($7.16) and gave the stock a “buy” rating in a research report on Monday, January 18th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of GBX 459.60 ($6.00).
The stock has a market capitalization of £1.17 billion and a P/E ratio of 12.48. The stock has a 50-day moving average price of GBX 466.97 and a two-hundred day moving average price of GBX 397.58. The company has a debt-to-equity ratio of 550.84, a quick ratio of 1.74 and a current ratio of 1.76.
The company also recently declared a dividend, which will be paid on Friday, February 26th. Investors of record on Thursday, January 28th will be given a dividend of GBX 14.40 ($0.19) per share. The ex-dividend date is Thursday, January 28th. This is a positive change from Paragon Banking Group PLC (PAG.L)’s previous dividend of $14.20. This represents a dividend yield of 3.19%. Paragon Banking Group PLC (PAG.L)’s payout ratio is currently 0.40%.
In other news, insider Richard Woodman purchased 2,904 shares of the company’s stock in a transaction that occurred on Tuesday, December 22nd. The shares were bought at an average cost of GBX 457 ($5.97) per share, for a total transaction of £13,271.28 ($17,339.01).
Paragon Banking Group PLC (PAG.L) Company Profile (LON:PAG)
Paragon Banking Group PLC provides financial products and services in the United Kingdom. The company operates through three segments: Mortgages Lending, Commercial Lending, and Idem Capital. The Mortgages Lending segment offers buy-to-let first charge, and owner-occupied first and second charge mortgages on residential property.
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