Paragon Banking Group (LON:PAG) Stock Crosses Above Two Hundred Day Moving Average – Should You Sell?

Paragon Banking Group PLC (LON:PAG) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 860.07 and traded as high as GBX 866. Paragon Banking Group shares last traded at GBX 861, with a volume of 365,304 shares changing hands.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PAG. Shore Capital Group raised their price target on Paragon Banking Group from GBX 1,040 to GBX 1,055 and gave the company a “buy” rating in a report on Tuesday, January 27th. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 1,050 price objective on shares of Paragon Banking Group in a research report on Wednesday, January 28th. Finally, UBS Group restated a “buy” rating and set a GBX 1,020 target price on shares of Paragon Banking Group in a research report on Friday, January 16th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,028.20.

Paragon Banking Group Stock Performance

The firm has a market cap of £1.63 billion, a price-to-earnings ratio of 9.86, a PEG ratio of 0.50 and a beta of 1.52. The business has a fifty day moving average of GBX 872.36 and a two-hundred day moving average of GBX 860.07.

Paragon Banking Group (LON:PAG) last issued its quarterly earnings data on Friday, January 16th. The company reported GBX 91.20 earnings per share (EPS) for the quarter. Paragon Banking Group had a return on equity of 14.13% and a net margin of 25.14%. On average, equities research analysts forecast that Paragon Banking Group PLC will post 104.0245566 earnings per share for the current year.

Paragon Banking Group declared that its board has initiated a stock repurchase program on Wednesday, December 3rd that permits the company to buyback 0 shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

Insider Transactions at Paragon Banking Group

In related news, insider Nigel S. Terrington sold 23,940 shares of the stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of GBX 902, for a total value of £215,938.80. Also, insider Richard Woodman bought 15,000 shares of the company’s stock in a transaction on Tuesday, December 9th. The shares were acquired at an average price of GBX 808 per share, with a total value of £121,200. Over the last three months, insiders purchased 63,716 shares of company stock worth $50,362,060. 1.99% of the stock is owned by corporate insiders.

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.