Insider Buying: Paragon Banking Group (LON:PAG) Insider Purchases 1,914 Shares of Stock

Paragon Banking Group PLC (LON:PAG) insider Richard Woodman acquired 1,914 shares of Paragon Banking Group stock in a transaction dated Monday, September 29th. The shares were acquired at an average price of GBX 857 per share, with a total value of £16,402.98.

Paragon Banking Group Trading Down 1.7%

LON:PAG opened at GBX 852.43 on Thursday. Paragon Banking Group PLC has a twelve month low of GBX 650.50 and a twelve month high of GBX 981. The company has a 50-day moving average of GBX 893.12 and a 200-day moving average of GBX 869.74. The firm has a market cap of £1.63 billion, a price-to-earnings ratio of 883.35, a price-to-earnings-growth ratio of 0.50 and a beta of 1.52.

Analysts Set New Price Targets

Several brokerages have commented on PAG. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 975 target price on shares of Paragon Banking Group in a report on Wednesday, July 30th. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 1,001 target price on shares of Paragon Banking Group in a report on Monday, August 4th. Shore Capital cut shares of Paragon Banking Group to a “hold” rating and set a GBX 975 target price for the company. in a report on Tuesday, July 29th. Finally, Jefferies Financial Group raised their target price on shares of Paragon Banking Group from GBX 930 to GBX 1,015 and gave the stock a “hold” rating in a report on Tuesday, August 26th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 991.50.

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.