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

Paragon Banking Group (LON:PAG)‘s stock had its “buy” rating reissued by investment analysts at Deutsche Bank Aktiengesellschaft in a research report issued on Wednesday,Digital Look reports. They currently have a GBX 1,100 price target on the stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 46.57% from the company’s previous close.

A number of other brokerages have also recently weighed in on PAG. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 1,050 price target on shares of Paragon Banking Group in a research report on Wednesday. UBS Group restated a “buy” rating and issued a GBX 1,035 price target on shares of Paragon Banking Group in a research report on Friday, May 29th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,000 price objective on shares of Paragon Banking Group in a research report on Tuesday. Six equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 1,040.17.

Paragon Banking Group Trading Up 2.2%

Shares of PAG stock opened at GBX 750.50 on Wednesday. Paragon Banking Group has a fifty-two week low of GBX 681.50 and a fifty-two week high of GBX 981. The stock has a market cap of £1.39 billion, a P/E ratio of 8.54, a P/E/G ratio of 0.50 and a beta of 1.18. The business has a fifty day simple moving average of GBX 753.86 and a 200-day simple moving average of GBX 813.16. The company has a quick ratio of 1.48, a current ratio of 0.28 and a debt-to-equity ratio of 120.17.

Paragon Banking Group (LON:PAG) last announced its quarterly earnings results on Tuesday, June 2nd. The company reported GBX 52.10 earnings per share for the quarter. Paragon Banking Group had a return on equity of 12.75% and a net margin of 21.40%.The business had revenue of £259.20 million during the quarter. On average, analysts forecast that Paragon Banking Group will post 104.0245566 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Nigel S. Terrington sold 102,876 shares of Paragon Banking Group stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of GBX 777, for a total transaction of £799,346.52. Also, insider Zoe Howorth acquired 1,869 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The shares were bought at an average price of GBX 798 per share, with a total value of £14,914.62. Insiders have bought a total of 2,751 shares of company stock worth $2,184,450 in the last quarter. Corporate insiders own 2.09% of the company’s stock.

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.