Paragon Banking Group’s (PAG) “Buy” Rating Reaffirmed at Shore Capital

Shore Capital reiterated their buy rating on shares of Paragon Banking Group (LON:PAG) in a report published on Tuesday.

A number of other equities research analysts also recently weighed in on PAG. J P Morgan Chase & Co restated an underweight rating and issued a GBX 415 ($5.59) price target on shares of Paragon Banking Group in a research note on Wednesday, November 29th. Peel Hunt restated an add rating and issued a GBX 510 ($6.86) price target on shares of Paragon Banking Group in a research note on Thursday, November 23rd. Numis Securities restated a hold rating and issued a GBX 375 ($5.05) price target on shares of Paragon Banking Group in a research note on Thursday, November 23rd. Canaccord Genuity reiterated a hold rating and issued a GBX 500 ($6.73) price objective on shares of Paragon Banking Group in a report on Thursday, November 23rd. Finally, Liberum Capital reiterated a buy rating and issued a GBX 490 ($6.59) price objective on shares of Paragon Banking Group in a report on Thursday, November 23rd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of GBX 460.56 ($6.20).

Shares of Paragon Banking Group (LON:PAG) remained flat at $GBX 477.50 ($6.43) during trading on Tuesday. The stock had a trading volume of 243,992 shares, compared to its average volume of 605,822. Paragon Banking Group has a 1 year low of GBX 359.80 ($4.84) and a 1 year high of GBX 497 ($6.69).

The firm also recently declared a dividend, which will be paid on Monday, February 19th. Investors of record on Thursday, January 4th will be given a GBX 11 ($0.15) dividend. The ex-dividend date is Thursday, January 4th. This represents a yield of 2.37%. This is an increase from Paragon Banking Group’s previous dividend of $4.70.

In other Paragon Banking Group news, 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 ($6.43), for a total transaction of £332,329.50 ($447,280.62). Also, insider Hugo Tudor sold 200,000 shares of Paragon Banking Group stock in a transaction on Thursday, November 23rd. The stock was sold at an average price of GBX 105 ($1.41), for a total value of £210,000 ($282,637.95).

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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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