Paragon Banking Group PLC (LON:PAG) insider Robert Dench sold 30,000 shares of the company’s stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of GBX 505 ($6.98), for a total transaction of £151,500 ($209,311.96).
Shares of Paragon Banking Group PLC (LON PAG) traded down GBX 0.80 ($0.01) on Wednesday, hitting GBX 499 ($6.89). 785,440 shares of the stock traded hands, compared to its average volume of 719,130. Paragon Banking Group PLC has a 1-year low of GBX 400.30 ($5.53) and a 1-year high of GBX 555.99 ($7.68). The stock has a market capitalization of $1,310.00 and a P/E ratio of 1,188.10.
A number of equities research analysts recently issued reports on the stock. Canaccord Genuity raised shares of Paragon Banking Group to a “buy” rating and upped their price target for the company from GBX 500 ($6.91) to GBX 550 ($7.60) in a research note on Monday, February 12th. Barclays reissued an “equal weight” rating and issued a GBX 490 ($6.77) target price on shares of Paragon Banking Group in a research note on Wednesday, January 24th. Peel Hunt reissued an “add” rating and issued a GBX 510 ($7.05) target price on shares of Paragon Banking Group in a research note on Thursday, November 23rd. Liberum Capital increased their target price on shares of Paragon Banking Group from GBX 490 ($6.77) to GBX 528 ($7.29) and gave the company a “buy” rating in a research note on Friday, January 19th. Finally, Numis Securities reissued a “hold” rating and issued a GBX 375 ($5.18) target price on shares of Paragon Banking Group in a research note on Thursday, November 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of GBX 491 ($6.78).
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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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