Paragon Banking Group (LON:PAG – Get Rating) had its price target boosted by equities research analysts at Liberum Capital from GBX 630 ($8.25) to GBX 650 ($8.51) in a report released on Friday, Marketbeat.com reports. The firm presently has a “buy” rating on the stock. Liberum Capital’s price objective suggests a potential upside of 28.08% from the company’s previous close.
Other research analysts have also issued reports about the stock. Shore Capital reissued a “hold” rating on shares of Paragon Banking Group in a research note on Friday, January 28th. Royal Bank of Canada reissued a “sector perform” rating and issued a GBX 560 ($7.34) target price on shares of Paragon Banking Group in a research report on Thursday, March 24th. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 660 ($8.65) price target on shares of Paragon Banking Group in a report on Tuesday, December 7th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of GBX 597.50 ($7.83).
LON:PAG opened at GBX 507.50 ($6.65) on Friday. Paragon Banking Group has a twelve month low of GBX 408.80 ($5.35) and a twelve month high of GBX 619 ($8.11). The firm has a market capitalization of £1.25 billion and a price-to-earnings ratio of 8.05. The company has a current ratio of 1.56, a quick ratio of 1.55 and a debt-to-equity ratio of 362.74. The firm’s fifty day simple moving average is GBX 523.57 and its 200 day simple moving average is GBX 541.17.
In related news, insider Nigel S. Terrington acquired 3,702 shares of Paragon Banking Group stock in a transaction on Tuesday, March 29th. The stock was purchased at an average cost of GBX 501 ($6.56) per share, with a total value of £18,547.02 ($24,295.28). Also, insider Richard Woodman sold 227,017 shares of the business’s stock in a transaction dated Friday, March 18th. The shares were sold at an average price of GBX 496 ($6.50), for a total transaction of £1,126,004.32 ($1,474,986.01).
About Paragon Banking Group
Paragon Banking Group PLC provides financial products and services in the United Kingdom. The company operates through three segments: Mortgages Lending, Commercial Lending, and Idem Capital. The Mortgages Lending segment offers buy-to-let first charge, and owner-occupied first and second charge mortgages on residential property.