Paragon Banking Group’s (PAG) “Outperform” Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada reissued their outperform rating on shares of Paragon Banking Group (LON:PAG) in a research report report published on Thursday morning,Digital Look reports. The firm currently has a GBX 1,050 price objective on the stock.

Several other brokerages have also recently weighed in on PAG. Jefferies Financial Group restated a “buy” rating and set a GBX 1,000 target price on shares of Paragon Banking Group in a report on Wednesday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 1,100 price target on shares of Paragon Banking Group in a report on Wednesday, June 3rd. Finally, UBS Group reiterated 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. Six investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 1,040.17.

Paragon Banking Group Stock Performance

LON:PAG opened at GBX 837 on Thursday. The company’s 50-day moving average price is GBX 777.57 and its 200-day moving average price is GBX 795.05. The company has a current ratio of 16.10, a quick ratio of 1.48 and a debt-to-equity ratio of 163.38. The company has a market cap of £1.55 billion, a P/E ratio of 9.30, a P/E/G ratio of 0.50 and a beta of 1.19. Paragon Banking Group has a twelve month low of GBX 681.50 and a twelve month high of GBX 932.50.

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

Paragon Banking Group announced that its Board of Directors has initiated a share buyback plan on Monday, July 6th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Paragon Banking Group Company Profile

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.