Key Points
- Insider buying: Richard Woodman bought 15,000 shares on Dec 9 at GBX 808 (≈£121,200), adding to earlier purchases of 18,436 shares at GBX 785 and 1,914 shares at GBX 857, signaling continued insider accumulation.
- Board buyback: Paragon's board initiated a stock buyback programme on Dec 3 to repurchase shares in the open market, a common signal that the board views the stock as undervalued.
- Analyst sentiment: Analysts have raised price targets and the stock carries a consensus "Moderate Buy" with a mean target of GBX 1,016.50 versus the recent price around GBX 808.50, implying notable upside.
Paragon Banking Group PLC (LON:PAG - Get Free Report) insider Richard Woodman purchased 15,000 shares of the business's stock in a transaction on Tuesday, December 9th. The shares were purchased at an average cost of GBX 808 per share, for a total transaction of £121,200.
Richard Woodman also recently made the following trade(s):
- On Thursday, December 4th, Richard Woodman acquired 18,436 shares of Paragon Banking Group stock. The stock was purchased at an average cost of GBX 785 per share, with a total value of £144,722.60.
- On Monday, September 29th, Richard Woodman bought 1,914 shares of Paragon Banking Group stock. The shares were 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 808.50 on Wednesday. The firm's fifty day simple moving average is GBX 829.24 and its 200-day simple moving average is GBX 879.39. Paragon Banking Group PLC has a 12 month low of GBX 650.50 and a 12 month high of GBX 981. The stock has a market capitalization of £1.54 billion, a price-to-earnings ratio of 8.38, a PEG ratio of 0.50 and a beta of 1.52.
Paragon Banking Group declared that its Board of Directors has initiated a stock buyback program on Wednesday, December 3rd that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company's board believes its stock is undervalued.
Wall Street Analysts Forecast Growth
PAG has been the subject of a number of research reports. Royal Bank Of Canada upped their target price on shares of Paragon Banking Group from GBX 975 to GBX 1,050 and gave the company an "outperform" rating in a report on Thursday, December 4th. Jefferies Financial Group upped 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, Shore Capital raised Paragon Banking Group to a "buy" rating and set a GBX 1,000 price objective for the company in a research report on Wednesday, December 3rd. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of GBX 1,016.50.
Check Out Our Latest Analysis 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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