Brokerages Set Paragon Banking Group PLC (PAG) Price Target at $557.25

Paragon Banking Group PLC (LON:PAG) has received a consensus rating of “Buy” from the seven ratings firms that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is GBX 557.25 ($7.28).

Several research firms have recently commented on PAG. Jefferies Financial Group upped their price objective on shares of Paragon Banking Group from GBX 560 ($7.32) to GBX 667 ($8.72) and gave the company a “buy” rating in a report on Tuesday, April 9th. Peel Hunt reaffirmed a “buy” rating on shares of Paragon Banking Group in a report on Monday, January 28th. Shore Capital reaffirmed a “buy” rating on shares of Paragon Banking Group in a report on Monday, January 28th. Finally, UBS Group reaffirmed a “buy” rating on shares of Paragon Banking Group in a report on Friday, January 25th.

LON:PAG traded up GBX 1.60 ($0.02) during trading hours on Thursday, hitting GBX 461.60 ($6.03). 137,757 shares of the company were exchanged, compared to its average volume of 729,645. The company has a market cap of $1.19 billion and a PE ratio of 8.52. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 726.88. Paragon Banking Group has a 52-week low of GBX 379.20 ($4.95) and a 52-week high of GBX 558.50 ($7.30).

In other Paragon Banking Group news, insider Hugo Tudor sold 50,000 shares of the company’s stock in a transaction on Wednesday, February 27th. The shares were sold at an average price of GBX 429 ($5.61), for a total transaction of £214,500 ($280,282.24). Also, insider Barbara Ridpath acquired 2,358 shares of Paragon Banking Group stock in a transaction on Monday, February 18th. The shares were bought at an average price of GBX 422 ($5.51) per share, with a total value of £9,950.76 ($13,002.43).

About Paragon Banking Group

Paragon Banking Group PLC provides financial services in the United Kingdom. The company operates through three segments: Mortgages, Commercial Lending, and Idem Capital. The Mortgages segment offers buy-to-let first charge, and owner-occupied first and second charge mortgages on residential property.

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Analyst Recommendations for Paragon Banking Group (LON:PAG)

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