Paragon Banking Group (LON:PAG) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

Shares of Paragon Banking Group PLC (LON:PAG) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 798.90 and traded as high as GBX 803.75. Paragon Banking Group shares last traded at GBX 797, with a volume of 22,203,754 shares trading hands.

Analysts Set New Price Targets

Several brokerages recently commented on PAG. UBS Group reaffirmed a “buy” rating and set a GBX 1,035 target price on shares of Paragon Banking Group in a report on Friday, May 29th. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 1,050 target price on shares of Paragon Banking Group in a report on Wednesday, June 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 1,100 target price on shares of Paragon Banking Group in a report on Wednesday, June 3rd. Finally, Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,000 price target on shares of Paragon Banking Group in a report on Tuesday, June 2nd. Six research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of GBX 1,040.17.

Paragon Banking Group Trading Up 0.1%

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 company has a market capitalization of £1.47 billion, a P/E ratio of 8.85, a PEG ratio of 0.50 and a beta of 1.19. The business has a fifty day moving average of GBX 758.23 and a 200-day moving average of GBX 798.50.

Paragon Banking Group (LON:PAG) last released its quarterly earnings results on Tuesday, June 2nd. The company reported GBX 52.10 earnings per share (EPS) for the quarter. The business had revenue of £259.20 million during the quarter. Paragon Banking Group had a return on equity of 11.98% and a net margin of 14.98%. Analysts anticipate that Paragon Banking Group PLC will post 104.0245566 earnings per share for the current fiscal year.

Paragon Banking Group declared that its Board of Directors has authorized a share repurchase program on Monday, July 6th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

About Paragon Banking Group

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.