Paragon Banking Group (LON:PAG) Hits New 52-Week Low – What’s Next?

Paragon Banking Group PLC (LON:PAG – Get Free Report) hit a new 52-week low on Tuesday . The company traded as low as GBX 681.50 and last traded at GBX 737.50, with a volume of 551323 shares traded. The stock had previously closed at GBX 766.50.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on PAG. Jefferies Financial Group restated a “buy” rating and issued a GBX 1,000 price objective on shares of Paragon Banking Group in a report on Tuesday. UBS Group restated a “buy” rating and issued a GBX 1,035 price objective on shares of Paragon Banking Group in a report on Friday. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Paragon Banking Group presently has an average rating of “Buy” and an average target price of GBX 1,028.20.

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Paragon Banking Group Stock Performance

The firm has a market capitalization of £1.36 billion, a PE ratio of 8.39, a price-to-earnings-growth ratio of 0.50 and a beta of 1.18. The company has a current ratio of 0.28, a quick ratio of 1.48 and a debt-to-equity ratio of 120.17. The business’s 50 day simple moving average is GBX 753.86 and its two-hundred day simple moving average is GBX 813.16.

Paragon Banking Group (LON:PAG – Get Free Report) last announced its earnings results on Tuesday, June 2nd. The company reported GBX 52.10 earnings per share for the quarter. The business had revenue of £259.20 million during the quarter. Paragon Banking Group had a net margin of 21.40% and a return on equity of 12.75%. Research analysts expect that Paragon Banking Group PLC will post 104.0245566 earnings per share for the current fiscal year.

Insider Buying and Selling at Paragon Banking Group

In related news, insider Zoe Howorth bought 1,869 shares of the firm’s stock in a transaction on Friday, March 6th. The stock was acquired at an average cost of GBX 798 per share, for a total transaction of £14,914.62. Also, insider Richard Woodman sold 67,669 shares of the business’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of GBX 777, for a total transaction of £525,788.13. In the last 90 days, insiders bought 2,751 shares of company stock worth $2,184,450. 2.09% of the stock is owned by corporate insiders.

About Paragon Banking Group

(Get Free Report)

Paragon is a specialist banking group. It offers a range of savings accounts and provide finance for landlords and small
and medium-sized businesses (‘SMEs’) and residential property developers in the UK. Founded in 1985 and listed on the
London Stock Exchange, it is a FTSE-250 company. Headquartered in Solihull, it employs more than 1,400 people.
Its operations are organised into two lending divisions and lending is funded largely by retail deposits.

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