Paragon Banking Group PLC (LON:PAG - Get Free Report) insider Zoe Howorth purchased 1,869 shares of the firm's stock in a transaction dated Friday, March 6th. The stock was purchased at an average cost of GBX 798 per share, for a total transaction of £14,914.62.
Paragon Banking Group Trading Down 1.1%
Shares of PAG stock opened at GBX 778 on Friday. The company has a debt-to-equity ratio of 120.17, a quick ratio of 1.48 and a current ratio of 0.28. Paragon Banking Group PLC has a 52-week low of GBX 650.50 and a 52-week high of GBX 981. The company has a market capitalization of £1.46 billion, a PE ratio of 8.85, a price-to-earnings-growth ratio of 0.50 and a beta of 1.17. The business's fifty day moving average is GBX 866.41 and its 200 day moving average is GBX 855.72.
Paragon Banking Group (LON:PAG - Get Free Report) last posted its earnings results on Friday, January 16th. The company reported GBX 91.20 EPS for the quarter. Paragon Banking Group had a return on equity of 12.75% and a net margin of 21.40%. On average, equities research analysts anticipate that Paragon Banking Group PLC will post 104.0245566 EPS for the current fiscal year.
Paragon Banking Group announced that its Board of Directors has initiated a share buyback plan on Wednesday, December 3rd that allows the company to buyback 0 shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its stock is undervalued.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on PAG shares. UBS Group restated a "buy" rating and issued a GBX 1,020 price objective on shares of Paragon Banking Group in a research report on Friday, January 16th. Shore Capital Group lifted their target price on shares of Paragon Banking Group from GBX 1,040 to GBX 1,055 and gave the company a "buy" rating in a research report on Tuesday, January 27th. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a GBX 1,050 price target on shares of Paragon Banking Group in a research note on Wednesday, January 28th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of GBX 1,028.20.
View Our Latest Analysis on Paragon Banking Group
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.
Its operations are organised into two lending divisions and lending is funded largely by retail deposits.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
