Paragon Banking Group (LON:PAG) Receives “Buy” Rating from Jefferies Financial Group

Paragon Banking Group (LON:PAG)‘s stock had its “buy” rating reiterated by investment analysts at Jefferies Financial Group in a report issued on Wednesday, Digital Look reports. They currently have a GBX 1,070 target price on the stock. Jefferies Financial Group’s target price points to a potential upside of 31.13% from the stock’s current price.

Other equities analysts have also recently issued research reports about the stock. UBS Group reaffirmed a “buy” rating and set a GBX 1,035 price target on shares of Paragon Banking Group in a research report on Friday, May 29th. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 1,050 price objective on shares of Paragon Banking Group in a report on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 1,100 price objective on shares of Paragon Banking Group in a research note on Thursday, July 30th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of GBX 1,062.

Paragon Banking Group Trading Up 1.1%

LON PAG opened at GBX 816 on Wednesday. Paragon Banking Group has a 12 month low of GBX 681.50 and a 12 month high of GBX 926. The company has a debt-to-equity ratio of 163.38, a current ratio of 16.10 and a quick ratio of 1.48. The company has a market capitalization of £1.49 billion, a price-to-earnings ratio of 9.07, a price-to-earnings-growth ratio of 0.50 and a beta of 1.20. The company’s fifty day moving average price is GBX 807.07 and its two-hundred day moving average price is GBX 784.18.

Paragon Banking Group (LON:PAG) last released its earnings results on Tuesday, June 2nd. The company reported GBX 52.10 earnings per share for the quarter. The company had revenue of £259.20 million during the quarter. Paragon Banking Group had a net margin of 14.98% and a return on equity of 11.98%. As a group, research analysts predict that Paragon Banking Group will post 104.0245566 earnings per share for the current fiscal year.

Paragon Banking Group announced that its board has authorized a stock repurchase plan on Monday, July 6th 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 typically an indication that the company’s board of directors believes its shares are undervalued.

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.