Paragon Banking Group (PAG) Rating Increased to Buy at Canaccord Genuity

Canaccord Genuity upgraded shares of Paragon Banking Group (LON:PAG) to a buy rating in a report published on Monday, February 12th. Canaccord Genuity currently has GBX 550 ($7.60) price target on the stock, up from their prior price target of GBX 500 ($6.91).

A number of other analysts also recently issued reports on the company. Numis Securities restated an under review rating on shares of Paragon Banking Group in a research report on Tuesday, January 23rd. Liberum Capital raised their price target on Paragon Banking Group from GBX 490 ($6.77) to GBX 528 ($7.29) and gave the stock a buy rating in a research report on Friday, January 19th. Shore Capital restated a buy rating on shares of Paragon Banking Group in a research report on Monday, December 11th. JPMorgan Chase & Co. restated an underweight rating and issued a GBX 415 ($5.73) price target on shares of Paragon Banking Group in a research report on Wednesday, November 29th. Finally, Peel Hunt reiterated an add rating and set a GBX 510 ($7.05) target price on shares of Paragon Banking Group in a research report on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of GBX 491 ($6.78).

Shares of Paragon Banking Group (LON:PAG) opened at GBX 485 ($6.70) on Monday. The stock has a market capitalization of $1,270.00 and a price-to-earnings ratio of 1,154.76. Paragon Banking Group has a 52-week low of GBX 400.30 ($5.53) and a 52-week high of GBX 555.99 ($7.68).

In other news, insider Alan Fletcher sold 5,000 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of GBX 487 ($6.73), for a total transaction of £24,350 ($33,641.89). Also, insider Hugo Tudor sold 15,000 shares of the firm’s stock in a transaction on Thursday, January 11th. The shares were sold at an average price of GBX 511 ($7.06), for a total value of £76,650 ($105,899.42). Over the last quarter, insiders have sold 119,525 shares of company stock valued at $58,182,950.

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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.

Analyst Recommendations for Paragon Banking Group (LON:PAG)

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