Brokerages Set Paragon Banking Group PLC (LON:PAG) Target Price at GBX 1,040.17

Shares of Paragon Banking Group PLC (LON:PAG) have received an average rating of “Buy” from the six research firms that are presently covering the firm, Marketbeat reports. Six research analysts have rated the stock with a buy recommendation. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is GBX 1,040.17.

Several brokerages have recently commented on PAG. Jefferies Financial Group restated a “buy” rating and set a GBX 1,000 price target on shares of Paragon Banking Group in a research note on Tuesday, June 2nd. UBS Group reissued a “buy” rating and set a GBX 1,035 price objective on shares of Paragon Banking Group in a report on Friday, May 29th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 1,100 price objective on shares of Paragon Banking Group in a report on Wednesday, June 3rd. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a GBX 1,050 price objective on shares of Paragon Banking Group in a report on Wednesday, June 3rd.

Paragon Banking Group Stock Performance

Paragon Banking Group stock opened at GBX 733 on Wednesday. The company has a debt-to-equity ratio of 163.38, a current ratio of 16.10 and a quick ratio of 1.48. Paragon Banking Group has a 1-year low of GBX 681.50 and a 1-year high of GBX 981. The firm has a market capitalization of £1.36 billion, a P/E ratio of 8.14, a price-to-earnings-growth ratio of 0.50 and a beta of 1.18. The company’s 50-day moving average is GBX 752.38 and its 200 day moving average is GBX 809.82.

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

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.