Key Points
- Insider purchase: Director Graeme Yorston bought 500 Paragon shares on March 10 at GBX 787 each, a £3,935 transaction, signalling insider buying activity.
- Analyst optimism: The stock has a consensus "Moderate Buy" rating with an average target of GBX 1,028.20 and several buy ratings/targes above GBX 1,020, implying notable upside from current levels.
- Valuation and profitability: Paragon trades at a market cap of £1.48B with a P/E of 8.98 and PEG of 0.50, and recently reported quarterly EPS of GBX 91.20 with a 12.75% ROE, indicating relatively strong earnings and attractive valuation.
Paragon Banking Group PLC (LON:PAG - Get Free Report) insider Graeme Yorston bought 500 shares of the firm's stock in a transaction that occurred on Tuesday, March 10th. The shares were purchased at an average cost of GBX 787 per share, for a total transaction of £3,935.
Paragon Banking Group Stock Performance
LON:PAG opened at GBX 789.50 on Wednesday. The company has a market capitalization of £1.48 billion, a price-to-earnings ratio of 8.98, a PEG ratio of 0.50 and a beta of 1.17. Paragon Banking Group PLC has a 1-year low of GBX 650.50 and a 1-year high of GBX 981. The business has a 50 day moving average of GBX 863.13 and a 200 day moving average of GBX 852.97. The company has a debt-to-equity ratio of 120.17, a current ratio of 0.28 and a quick ratio of 1.48.
Paragon Banking Group (LON:PAG - Get Free Report) last posted its quarterly earnings results on Friday, January 16th. The company reported GBX 91.20 earnings per share (EPS) for the quarter. Paragon Banking Group had a return on equity of 12.75% and a net margin of 21.40%. On average, sell-side analysts predict that Paragon Banking Group PLC will post 104.0245566 earnings per share for the current fiscal year.
Paragon Banking Group declared that its Board of Directors has approved a stock repurchase plan on Wednesday, December 3rd that permits the company to buyback 0 shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company's management believes its stock is undervalued.
Wall Street Analysts Forecast Growth
PAG has been the subject of a number of recent research reports. Royal Bank Of Canada reissued an "outperform" rating and set a GBX 1,050 price target on shares of Paragon Banking Group in a research report on Wednesday, January 28th. UBS Group reaffirmed a "buy" rating and set a GBX 1,020 target price on shares of Paragon Banking Group in a research note on Friday, January 16th. Finally, 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 report on Tuesday, January 27th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of GBX 1,028.20.
Read Our Latest Analysis on PAG
Paragon Banking Group Company Profile
(
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.
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