Paragon Banking Group’s (PAG) “Buy” Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reiterated their buy rating on shares of Paragon Banking Group (LON:PAG) in a research report sent to investors on Wednesday morning,Digital Look reports. Jefferies Financial Group currently has a GBX 1,070 target price on the stock.

PAG has been the topic of several other research reports. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 1,050 price objective on shares of Paragon Banking Group in a research report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 1,100 price target on shares of Paragon Banking Group in a research note on Thursday, July 30th. Finally, UBS Group reaffirmed a “buy” rating and issued a GBX 1,035 price target on shares of Paragon Banking Group in a report on Friday, May 29th. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of GBX 1,062.

Paragon Banking Group Trading Down 0.2%

LON PAG opened at GBX 823.03 on Wednesday. The stock has a market capitalization of £1.50 billion, a price-to-earnings ratio of 9.14, a PEG ratio of 0.50 and a beta of 1.20. Paragon Banking Group has a one year low of GBX 681.50 and a one year high of GBX 926. The company has a debt-to-equity ratio of 163.38, a current ratio of 16.10 and a quick ratio of 1.48. The business’s fifty day moving average is GBX 809.23 and its 200-day moving average is GBX 784.06.

Paragon Banking Group (LON:PAG) last posted 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 net margin of 14.98% and a return on equity of 11.98%. The company had revenue of £259.20 million during the quarter. Equities research analysts predict that Paragon Banking Group will post 104.0245566 EPS for the current year.

Paragon Banking Group declared that its board has approved a share repurchase plan on Monday, July 6th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

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.