Paragon Group of Companies PLC (LON:PAG) Cut to “Reduce” at Numis Securities Ltd

Paragon Group of Companies PLC (LON:PAG) was downgraded by investment analysts at Numis Securities Ltd to a “reduce” rating in a note issued to investors on Monday, July 3rd. They currently have a GBX 375 ($4.89) price objective on the stock, down from their previous price objective of GBX 464 ($6.04). Numis Securities Ltd’s price target would indicate a potential downside of 12.49% from the company’s previous close.

A number of other brokerages have also commented on PAG. Peel Hunt reiterated a “buy” rating and issued a GBX 460 ($5.99) price objective on shares of Paragon Group of Companies PLC in a research report on Monday, March 27th. Jefferies Group LLC raised their price target on Paragon Group of Companies PLC from GBX 490 ($6.38) to GBX 546 ($7.11) and gave the stock a “buy” rating in a research report on Tuesday, May 9th. Shore Capital restated a “buy” rating on shares of Paragon Group of Companies PLC in a research report on Tuesday, May 23rd. Liberum Capital restated a “hold” rating and issued a GBX 395 ($5.15) price target on shares of Paragon Group of Companies PLC in a research report on Tuesday, May 23rd. Finally, J P Morgan Chase & Co restated an “underweight” rating and issued a GBX 355 ($4.62) price target on shares of Paragon Group of Companies PLC in a research report on Wednesday, May 24th. Four investment analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of GBX 430.91 ($5.61).

Paragon Group of Companies PLC (PAG) traded down 0.21% during mid-day trading on Monday, hitting GBX 428.50. The stock had a trading volume of 613,648 shares. The stock has a 50 day moving average of GBX 427.17 and a 200-day moving average of GBX 432.72. Paragon Group of Companies PLC has a 1-year low of GBX 256.70 and a 1-year high of GBX 490.80. The firm’s market cap is GBX 1.17 billion.

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In related news, insider Hugo Tudor sold 20,000 shares of the firm’s stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of GBX 472 ($6.15), for a total transaction of £94,400 ($122,980.72).

Paragon Group of Companies PLC Company Profile

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. It operates through three segments: Paragon Mortgages, Idem Capital and Paragon Bank.

Analyst Recommendations for Paragon Group of Companies PLC (LON:PAG)

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