Paragon Banking Group (LON:PAG) Hits New 52-Week Low – What’s Next?

Paragon Banking Group PLC (LON:PAG) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 681.50 and last traded at GBX 737.50, with a volume of 551323 shares. The stock had previously closed at GBX 766.50.

Analyst Ratings Changes

PAG has been the topic of several recent analyst reports. UBS Group reissued a “buy” rating and issued a GBX 1,035 target price on shares of Paragon Banking Group in a research note on Friday. Jefferies Financial Group reissued a “buy” rating and issued a GBX 1,000 target price on shares of Paragon Banking Group in a research note on Tuesday. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of GBX 1,028.20.

Paragon Banking Group Stock Down 3.8%

The company has a quick ratio of 1.48, a current ratio of 0.28 and a debt-to-equity ratio of 120.17. The company’s fifty day simple moving average is GBX 753.86 and its 200 day simple moving average is GBX 813.16. The firm has a market capitalization of £1.36 billion, a PE ratio of 8.39, a price-to-earnings-growth ratio of 0.50 and a beta of 1.18.

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

Insiders Place Their Bets

In other Paragon Banking Group news, insider Graeme Yorston bought 500 shares of the stock in a transaction dated Tuesday, March 10th. The stock was purchased at an average cost of GBX 787 per share, for a total transaction of £3,935. Also, insider Zoe Howorth bought 1,869 shares of the stock in a transaction dated Friday, March 6th. The shares were acquired at an average price of GBX 798 per share, with a total value of £14,914.62. Insiders bought a total of 2,751 shares of company stock valued at $2,184,450 over the last ninety days. 2.09% 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.