Paragon Banking Group (LON:PAG) Given Buy Rating at UBS Group

Paragon Banking Group (LON:PAG)‘s stock had its “buy” rating restated by research analysts at UBS Group in a research report issued to clients and investors on Friday,London Stock Exchange reports. They presently have a GBX 1,035 target price on the stock. UBS Group’s target price points to a potential upside of 35.03% from the company’s current price.

Separately, Jefferies Financial Group lowered their price target on shares of Paragon Banking Group from GBX 1,060 to GBX 1,000 and set a “buy” rating for the company in a report on Wednesday, May 6th. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of GBX 1,028.20.

Paragon Banking Group Trading Up 0.9%

Paragon Banking Group stock traded up GBX 6.50 during mid-day trading on Friday, hitting GBX 766.50. 669,282 shares of the stock were exchanged, compared to its average volume of 1,269,099. 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 12 month low of GBX 695.50 and a 12 month high of GBX 981. The firm’s fifty day simple moving average is GBX 754.78 and its two-hundred day simple moving average is GBX 814.10. The stock has a market capitalization of £1.42 billion, a price-to-earnings ratio of 8.72, a PEG ratio of 0.50 and a beta of 1.18.

Insider Activity at Paragon Banking Group

In related news, insider Peter Hill acquired 382 shares of Paragon Banking Group stock in a transaction dated Wednesday, March 11th. The stock was bought at an average price of GBX 784 per share, with a total value of £2,994.88. Also, insider Graeme Yorston acquired 500 shares of Paragon Banking Group stock in a transaction dated Tuesday, March 10th. The shares were bought at an average cost of GBX 787 per share, with a total value of £3,935. Over the last quarter, insiders have acquired 2,751 shares of company stock worth $2,184,450. Corporate insiders own 2.09% of the company’s stock.

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.