Paragon Banking Group (LON:PAG) Stock Price Down 0.2% – Here’s What Happened

Paragon Banking Group PLC (LON:PAG – Get Free Report)’s stock price traded down 0.2% during trading on Wednesday. The stock traded as low as GBX 749 and last traded at GBX 755.50. 198,633 shares were traded during mid-day trading, a decline of 83% from the average session volume of 1,137,792 shares. The stock had previously closed at GBX 757.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on PAG shares. Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,070 price objective on shares of Paragon Banking Group in a research report on Wednesday, September 2nd. Deutsche Bank reaffirmed a “buy” rating and issued a GBX 1,100 target price on shares of Paragon Banking Group in a research note on Thursday, July 30th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 1,050 price target on shares of Paragon Banking Group in a report on Thursday, July 30th. Five investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of GBX 1,062.

Get Our Latest Report on Paragon Banking Group

Paragon Banking Group Price Performance

The company has a 50 day moving average of GBX 744.04 and a 200 day moving average of GBX 780.70. The company has a debt-to-equity ratio of 163.38, a quick ratio of 1.48 and a current ratio of 16.10. The stock has a market capitalization of £1.36 billion, a price-to-earnings ratio of 8.39, a PEG ratio of 0.50 and a beta of 1.21.

Paragon Banking Group Company Profile

(Get Free Report)

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.

Further Reading

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