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

Paragon Banking Group (LON:PAG) has earned an average recommendation of “Buy” from the nine research firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is GBX 504.17 ($7.08).

Several analysts recently issued reports on the company. Peel Hunt reiterated an “add” rating and set a GBX 510 ($7.16) target price on shares of Paragon Banking Group in a research report on Tuesday, January 23rd. Liberum Capital reiterated a “buy” rating and set a GBX 490 ($6.88) target price on shares of Paragon Banking Group in a research report on Friday, January 12th. Barclays reiterated an “equal weight” rating and set a GBX 490 ($6.88) target price on shares of Paragon Banking Group in a research report on Wednesday, January 24th. Canaccord Genuity upgraded Paragon Banking Group to a “buy” rating and increased their target price for the stock from GBX 500 ($7.02) to GBX 550 ($7.72) in a research report on Monday, February 12th. Finally, Shore Capital reiterated a “buy” rating on shares of Paragon Banking Group in a research report on Tuesday, January 23rd.

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Shares of LON:PAG traded down GBX 4.20 ($0.06) during trading on Friday, hitting GBX 474 ($6.65). 402,938 shares of the company’s stock were exchanged, compared to its average volume of 729,645. Paragon Banking Group has a 52-week low of GBX 400.30 ($5.62) and a 52-week high of GBX 555.99 ($7.80).

In other news, insider Hugo Tudor sold 15,000 shares of Paragon Banking Group stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of GBX 511 ($7.17), for a total value of £76,650 ($107,594.05). Also, insider Robert Dench sold 30,000 shares of Paragon Banking Group stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of GBX 505 ($7.09), for a total value of £151,500 ($212,661.43).

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Paragon Banking Group Company Profile

Paragon Banking Group PLC provides financial services in the United Kingdom. The company operates through three segments: Mortgages, Commercial Lending, and Idem Capital. The Mortgages segment offers buy-to-let first charge, and owner-occupied first and second charge mortgages on residential property.

Analyst Recommendations for Paragon Banking Group (LON:PAG)

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