Key Points
- Insider purchase: Director Richard Woodman bought 18,436 shares on Dec 4 at an average price of GBX 785 (total ≈£144,722.60), after purchasing 1,914 shares at GBX 857 on Sept 29.
- Board buyback authorization: On Dec 3 the board authorized a stock buyback plan to repurchase shares via open-market purchases, a signal management may view the shares as undervalued.
- Analyst outlook and valuation: Paragon trades around GBX 781 with a market cap of £1.49bn and a P/E of 8.09, and carries a consensus "Moderate Buy" rating with an average target of about GBX 1,016.50.
Paragon Banking Group PLC (LON:PAG - Get Free Report) insider Richard Woodman acquired 18,436 shares of the stock in a transaction dated Thursday, December 4th. The stock was acquired at an average price of GBX 785 per share, for a total transaction of £144,722.60.
Richard Woodman also recently made the following trade(s):
- On Monday, September 29th, Richard Woodman purchased 1,914 shares of Paragon Banking Group stock. The stock was acquired at an average price of GBX 857 per share, for a total transaction of £16,402.98.
Paragon Banking Group Price Performance
Shares of Paragon Banking Group stock opened at GBX 781 on Friday. Paragon Banking Group PLC has a 1-year low of GBX 650.50 and a 1-year high of GBX 981. The company's fifty day simple moving average is GBX 833.07 and its 200-day simple moving average is GBX 881.61. The stock has a market capitalization of £1.49 billion, a PE ratio of 8.09, a P/E/G ratio of 0.50 and a beta of 1.52.
Paragon Banking Group declared that its board has authorized a stock buyback plan on Wednesday, December 3rd that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board believes its shares are undervalued.
Wall Street Analysts Forecast Growth
PAG has been the subject of a number of analyst reports. Shore Capital upgraded Paragon Banking Group to a "buy" rating and set a GBX 1,000 price target for the company in a research report on Wednesday. Jefferies Financial Group boosted their price objective on Paragon Banking Group from GBX 930 to GBX 1,015 and gave the company a "hold" rating in a research note on Tuesday, August 26th. Finally, Royal Bank Of Canada raised their target price on shares of Paragon Banking Group from GBX 975 to GBX 1,050 and gave the stock an "outperform" rating in a research note on Thursday. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 1,016.50.
View Our Latest Report on PAG
About Paragon Banking Group
(
Get Free Report)
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.
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