Paragon Banking Group (LON:PAG – Get Free Report)‘s stock had its “outperform” rating reaffirmed by equities researchers at Royal Bank Of Canada in a report released on Thursday,Digital Look reports. They currently have a GBX 1,050 price objective on the stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 23.02% from the stock’s previous close.
PAG has been the subject of a number of other research reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 1,000 price target on shares of Paragon Banking Group in a report on Wednesday. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 1,100 price objective on shares of Paragon Banking Group in a research report on Wednesday, June 3rd. Finally, UBS Group reaffirmed a “buy” rating and issued a GBX 1,035 price objective on shares of Paragon Banking Group in a research note on Friday, May 29th. Six analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of GBX 1,040.17.
Get Our Latest Stock Analysis on Paragon Banking Group
Paragon Banking Group Price Performance
Paragon Banking Group (LON:PAG – Get Free Report) last released its quarterly earnings data on Tuesday, June 2nd. The company reported GBX 52.10 EPS for the quarter. Paragon Banking Group had a net margin of 14.98% and a return on equity of 11.98%. The business had revenue of £259.20 million during the quarter. Sell-side analysts forecast that Paragon Banking Group will post 104.0245566 EPS for the current fiscal year.
Paragon Banking Group announced that its Board of Directors has authorized a stock buyback plan on Monday, July 6th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.
About Paragon Banking Group
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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