Paragon Banking Group (LON:PAG) Given Buy Rating at UBS Group

Paragon Banking Group (LON:PAG)‘s stock had its “buy” rating reiterated by research analysts at UBS Group in a research report issued on Friday,London Stock Exchange reports. They currently have a GBX 1,035 price target on the stock. UBS Group’s price objective points to a potential upside of 35.03% from the company’s current price.

Separately, Jefferies Financial Group reduced their price objective on shares of Paragon Banking Group from GBX 1,060 to GBX 1,000 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of GBX 1,028.20.

Paragon Banking Group Price Performance

Paragon Banking Group stock traded up GBX 6.50 during trading hours on Friday, reaching GBX 766.50. 669,282 shares of the stock were exchanged, compared to its average volume of 1,269,099. The company has a market cap of £1.42 billion, a P/E ratio of 8.72, a price-to-earnings-growth ratio of 0.50 and a beta of 1.18. The company has a current ratio of 0.28, a quick ratio of 1.48 and a debt-to-equity ratio of 120.17. Paragon Banking Group has a twelve month low of GBX 695.50 and a twelve month high of GBX 981. The stock has a 50 day moving average of GBX 754.78 and a two-hundred day moving average of GBX 814.10.

Insider Transactions at Paragon Banking Group

In related news, insider Graeme Yorston bought 500 shares of the company’s stock in a transaction dated Tuesday, March 10th. The stock was purchased at an average price of GBX 787 per share, with a total value of £3,935. Also, insider Richard Woodman sold 67,669 shares of the stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of GBX 777, for a total transaction of £525,788.13. In the last three months, insiders have purchased 2,751 shares of company stock valued at $2,184,450. 2.09% of the stock is owned by company insiders.

About Paragon Banking Group

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.