Paragon Banking Group PLC (LON:PAG – Get Free Report) shares were down 0.2% on Wednesday. The company traded as low as GBX 749 and last traded at GBX 755.50. Approximately 198,633 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 1,137,792 shares. The stock had previously closed at GBX 757.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on the company. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 1,050 price target on shares of Paragon Banking Group in a research note on Thursday, July 30th. Deutsche Bank reiterated a “buy” rating and issued a GBX 1,100 price objective on shares of Paragon Banking Group in a research report on Thursday, July 30th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 1,070 target price on shares of Paragon Banking Group in a report on Wednesday, September 2nd. Five research analysts have rated the stock with a Buy rating. According to data from MarketBeat, Paragon Banking Group has an average rating of “Buy” and an average price target of GBX 1,062.
Get Our Latest Analysis on PAG
Paragon Banking Group Trading Down 0.2%
The business has a 50 day simple moving average of GBX 744.04 and a two-hundred day simple moving average of GBX 780.70. The company has a current ratio of 16.10, a quick ratio of 1.48 and a debt-to-equity ratio of 163.38. The company has a market cap of £1.36 billion, a PE ratio of 8.39, a price-to-earnings-growth ratio of 0.50 and a beta of 1.21.
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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