Paragon Banking Group (LON:PAG) Price Target Cut to GBX 1,000 by Analysts at Jefferies Financial Group

Paragon Banking Group (LON:PAG) had its price target decreased by investment analysts at Jefferies Financial Group from GBX 1,060 to GBX 1,000 in a research note issued on Wednesday,London Stock Exchange reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s price objective points to a potential upside of 33.33% from the stock’s previous close.

A number of other analysts have also commented on the company. Shore Capital Group lifted their price objective on Paragon Banking Group from GBX 1,040 to GBX 1,055 and gave the stock a “buy” rating in a research report on Tuesday, January 27th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 1,050 target price on shares of Paragon Banking Group in a research note on Wednesday, January 28th. Finally, UBS Group reiterated a “buy” rating and set a GBX 1,020 price target on shares of Paragon Banking Group in a research report on Friday, January 16th. Five analysts have rated the stock with a Buy rating, According to MarketBeat.com, Paragon Banking Group presently has a consensus rating of “Buy” and an average price target of GBX 1,025.20.

Paragon Banking Group Trading Up 2.9%

PAG stock opened at GBX 750 on Wednesday. The company has a quick ratio of 1.48, a current ratio of 0.28 and a debt-to-equity ratio of 120.17. Paragon Banking Group has a twelve month low of GBX 695.50 and a twelve month high of GBX 981. The company has a market cap of £1.39 billion, a P/E ratio of 8.53, a PEG ratio of 0.50 and a beta of 1.21. The business has a fifty day moving average of GBX 776.89 and a 200-day moving average of GBX 824.49.

Insiders Place Their Bets

In related news, insider Zoe Howorth bought 1,869 shares of Paragon Banking Group stock in a transaction on Friday, March 6th. The shares were purchased at an average price of GBX 798 per share, for a total transaction of £14,914.62. Also, 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 value of £799,346.52. Insiders have purchased a total of 2,751 shares of company stock valued at $2,184,450 in the last ninety days. 2.09% of the stock is currently owned by 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.