Paragon Banking Group’s (PAG) Outperform Rating Reaffirmed at Royal Bank Of Canada

Paragon Banking Group (LON:PAG)‘s stock had its “outperform” rating reiterated by equities research analysts at Royal Bank Of Canada in a research report issued on Wednesday,Digital Look reports. They currently have a GBX 1,050 price target on the stock. Royal Bank Of Canada’s price objective points to a potential upside of 39.91% from the company’s current price.

A number of other analysts have also issued reports on PAG. UBS Group reiterated a “buy” rating and set a GBX 1,035 price target on shares of Paragon Banking Group in a research note on Friday, May 29th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,000 price target on shares of Paragon Banking Group in a research note on Tuesday. Six equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Paragon Banking Group has a consensus rating of “Buy” and a consensus target price of GBX 1,040.17.

Paragon Banking Group Stock Up 2.2%

Shares of PAG opened at GBX 750.50 on Wednesday. The firm has a market cap of £1.39 billion, a P/E ratio of 8.54, a price-to-earnings-growth ratio of 0.50 and a beta of 1.18. Paragon Banking Group has a 12-month low of GBX 681.50 and a 12-month high of GBX 981. The company’s 50-day moving average price is GBX 753.86 and its 200 day moving average price is GBX 813.16. The company has a current ratio of 0.28, a quick ratio of 1.48 and a debt-to-equity ratio of 120.17.

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

Insider Buying and Selling at Paragon Banking Group

In other news, insider Nigel S. Terrington sold 102,876 shares of the business’s 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 Peter Hill acquired 382 shares of the stock in a transaction dated Wednesday, March 11th. The shares were bought at an average cost of GBX 784 per share, with a total value of £2,994.88. In the last 90 days, insiders acquired 2,751 shares of company stock valued at $2,184,450. 2.09% of the stock is currently owned by company 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.