Paragon Banking Group’s (PAG) “Buy” Rating Reiterated at Jefferies Financial Group

by · The Cerbat Gem

Jefferies Financial Group reiterated their buy rating on shares of Paragon Banking Group (LON:PAG – Free Report) in a report issued on Wednesday morning,Digital Look reports. The brokerage currently has a GBX 1,000 target price on the stock.

PAG has been the topic of several other reports. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 1,050 price target on shares of Paragon Banking Group in a research report on Wednesday, June 3rd. UBS Group restated a “buy” rating and set a GBX 1,035 price objective on shares of Paragon Banking Group in a research note on Friday, May 29th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 1,100 target price on shares of Paragon Banking Group in a report on Wednesday, June 3rd. Six analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of GBX 1,040.17.

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Paragon Banking Group Stock Down 1.1%

LON:PAG opened at GBX 837 on Wednesday. The firm has a market capitalization of £1.55 billion, a price-to-earnings ratio of 9.30, a price-to-earnings-growth ratio of 0.50 and a beta of 1.19. Paragon Banking Group has a twelve month low of GBX 681.50 and a twelve month high of GBX 932.50. The stock’s 50 day moving average price is GBX 777.57 and its two-hundred day moving average price is GBX 795.05. The company has a quick ratio of 1.48, a current ratio of 16.10 and a debt-to-equity ratio of 163.38.

Paragon Banking Group (LON:PAG – Get Free Report) last announced its quarterly earnings data on Tuesday, June 2nd. The company reported GBX 52.10 earnings per share (EPS) for the quarter. Paragon Banking Group had a return on equity of 11.98% and a net margin of 14.98%.The company had revenue of £259.20 million for the quarter. Equities research analysts expect that Paragon Banking Group will post 104.0245566 earnings per share for the current fiscal year.

Paragon Banking Group announced that its board has authorized a share repurchase plan on Monday, July 6th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

Paragon Banking Group Company Profile

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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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