Paragon Banking Group (LON:PAG) Upgraded by Shore Capital to Buy Rating

Shore Capital upgraded shares of Paragon Banking Group (LON:PAG) to a buy rating in a research note published on Friday, MarketBeat.com reports. They currently have GBX 1,000 price objective on the stock, up from their prior price objective of GBX 975.

Several other analysts have also weighed in on PAG. Jefferies Financial Group lifted their target price on shares of Paragon Banking Group from GBX 930 to GBX 1,015 and gave the company a “hold” rating in a research report on Tuesday, August 26th. Royal Bank Of Canada restated an “outperform” rating and set a GBX 975 price target on shares of Paragon Banking Group in a research note on Wednesday, July 30th. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 1,001 price objective on shares of Paragon Banking Group in a research note on Monday, August 4th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 997.75.

Paragon Banking Group Trading Down 0.6%

PAG stock traded down GBX 4.50 during midday trading on Friday, hitting GBX 795.50. The stock had a trading volume of 887,468 shares, compared to its average volume of 756,504. Paragon Banking Group has a 52 week low of GBX 650.50 and a 52 week high of GBX 981. The stock has a 50-day simple moving average of GBX 852.66 and a 200 day simple moving average of GBX 886.82. The firm has a market capitalization of £1.52 billion, a price-to-earnings ratio of 8.24, a P/E/G ratio of 0.50 and a beta of 1.52.

Insider Buying and Selling at Paragon Banking Group

In other Paragon Banking Group news, insider Richard Woodman bought 1,914 shares of the stock in a transaction dated Monday, September 29th. The stock was bought at an average cost of GBX 857 per share, for a total transaction of £16,402.98. Also, insider Nigel S. Terrington purchased 3,030 shares of the business’s stock in a transaction that occurred on Monday, September 29th. The stock was acquired at an average cost of GBX 857 per share, with a total value of £25,967.10. 1.99% of the stock is currently owned by corporate insiders.

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.