Liberum Capital reaffirmed their buy rating on shares of Paragon Banking Group (LON:PAG) in a report released on Friday, January 12th. The brokerage currently has a GBX 490 ($6.87) price objective on the stock.
Other equities analysts also recently issued research reports about the stock. Peel Hunt restated an add rating and issued a GBX 510 ($7.15) price objective on shares of Paragon Banking Group in a research note on Thursday, November 23rd. Shore Capital restated a buy rating on shares of Paragon Banking Group in a research note on Monday, December 11th. Numis Securities downgraded shares of Paragon Banking Group to a hold rating and set a GBX 375 ($5.26) price objective for the company. in a research note on Thursday, September 21st. Canaccord Genuity reiterated a hold rating and set a GBX 500 ($7.01) target price on shares of Paragon Banking Group in a research note on Thursday, November 23rd. Finally, JPMorgan Chase & Co. reiterated an underweight rating and set a GBX 415 ($5.82) target price on shares of Paragon Banking Group in a research note on Wednesday, November 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. Paragon Banking Group presently has an average rating of Hold and an average target price of GBX 484.75 ($6.80).
Shares of Paragon Banking Group (LON PAG) opened at GBX 483.60 ($6.78) on Friday. Paragon Banking Group has a 12-month low of GBX 400.30 ($5.61) and a 12-month high of GBX 555.99 ($7.80). The firm has a market capitalization of $1,270.00 and a price-to-earnings ratio of 1,151.43.
The firm also recently disclosed a dividend, which will be paid on Monday, February 19th. Stockholders of record on Thursday, January 4th will be paid a dividend of GBX 11 ($0.15) per share. This represents a dividend yield of 2.37%. This is a boost from Paragon Banking Group’s previous dividend of $4.70. The ex-dividend date of this dividend is Thursday, January 4th.
In related news, insider Hugo Tudor sold 200,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 23rd. The shares were sold at an average price of GBX 105 ($1.47), for a total transaction of £210,000 ($294,447.56). Also, insider John Heron sold 69,525 shares of Paragon Banking Group stock in a transaction on Monday, December 4th. The shares were sold at an average price of GBX 478 ($6.70), for a total transaction of £332,329.50 ($465,969.57). Over the last three months, insiders have sold 319,525 shares of company stock valued at $79,182,950.
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Paragon Banking Group Company Profile
Paragon Banking Group PLC, formerly The Paragon Group of Companies PLC, is engaged in financial services business. The Company operates as an independent buy-to-let lender, and as a debt purchaser through its Idem Capital division, where it purchases, co-manages and services secured and unsecured consumer loan portfolios.
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