Paragon Banking Group PLC (LON:PAG) Given Average Rating of “Buy” by Brokerages

Paragon Banking Group PLC (LON:PAG) has received a consensus rating of “Buy” from the six analysts that are currently covering the stock, MarketBeat reports. Six research analysts have rated the stock with a buy rating. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is GBX 1,040.17.

A number of research firms have recently issued reports on PAG. UBS Group restated a “buy” rating and set a GBX 1,035 price objective on shares of Paragon Banking Group in a research report on Friday, May 29th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 1,100 price objective on shares of Paragon Banking Group in a research report on Wednesday, June 3rd. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,000 price target on shares of Paragon Banking Group in a research report on Tuesday, June 2nd. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 1,050 price target on shares of Paragon Banking Group in a research report on Wednesday, June 3rd.

Paragon Banking Group Stock Performance

PAG opened at GBX 778.50 on Friday. The stock has a market cap of £1.44 billion, a PE ratio of 8.65, a P/E/G ratio of 0.50 and a beta of 1.18. The company has a current ratio of 16.10, a quick ratio of 1.48 and a debt-to-equity ratio of 163.38. Paragon Banking Group has a 1 year low of GBX 681.50 and a 1 year high of GBX 981. The stock’s 50 day simple moving average is GBX 755.02 and its 200-day simple moving average is GBX 804.90.

Paragon Banking Group (LON:PAG) last released its quarterly earnings data on Tuesday, June 2nd. The company reported GBX 52.10 earnings per share (EPS) for the quarter. The business had revenue of £259.20 million for the quarter. Paragon Banking Group had a return on equity of 11.98% and a net margin of 14.98%. Sell-side analysts forecast that Paragon Banking Group will post 104.0245566 EPS for the current year.

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.