Shares of Paragon Banking Group PLC (LON:PAG) have been given an average rating of “Hold” by the nine ratings firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is GBX 500.43 ($7.02).
A number of brokerages have recently commented on PAG. Barclays reissued an “equal weight” rating and issued a GBX 490 ($6.87) price objective on shares of Paragon Banking Group in a research report on Wednesday, January 24th. Numis Securities reissued an “under review” rating on shares of Paragon Banking Group in a research report on Tuesday, January 23rd. Shore Capital reissued a “buy” rating on shares of Paragon Banking Group in a research report on Tuesday, January 23rd. Peel Hunt reissued an “add” rating and issued a GBX 510 ($7.15) price objective on shares of Paragon Banking Group in a research report on Tuesday, January 23rd. Finally, Liberum Capital lifted their price objective on shares of Paragon Banking Group from GBX 490 ($6.87) to GBX 528 ($7.40) and gave the company a “buy” rating in a research report on Friday, January 19th.
In related news, insider Hugo Tudor sold 15,000 shares of Paragon Banking Group stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of GBX 511 ($7.16), for a total transaction of £76,650 ($107,473.36). Also, insider John Heron sold 69,525 shares of Paragon Banking Group stock in a transaction dated Monday, December 4th. The stock was sold at an average price of GBX 478 ($6.70), for a total transaction of £332,329.50 ($465,969.57). In the last three months, insiders sold 319,525 shares of company stock valued at $79,182,950.
The company also recently disclosed a dividend, which will be paid on Monday, February 19th. Stockholders of record on Thursday, January 4th will be given a GBX 11 ($0.15) dividend. This represents a dividend yield of 2.37%. The ex-dividend date of this dividend is Thursday, January 4th. This is an increase from Paragon Banking Group’s previous dividend of $4.70.
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Paragon Banking Group Company Profile
Paragon Banking Group PLC, formerly The Paragon Group of Companies PLC, is engaged in financial services business. The Company operates as an independent buy-to-let lender, and as a debt purchaser through its Idem Capital division, where it purchases, co-manages and services secured and unsecured consumer loan portfolios.
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