Paragon Banking Group (LON:PAG) Insider Purchases £121,200 in Stock

by · The Cerbat Gem

Paragon Banking Group PLC (LON:PAG – Get Free Report) insider Richard Woodman acquired 15,000 shares of the company’s stock in a transaction on Tuesday, December 9th. The shares were purchased at an average cost of GBX 808 per share, with a total value of £121,200.

Richard Woodman also recently made the following trade(s):

  • On Thursday, December 4th, Richard Woodman bought 18,436 shares of Paragon Banking Group stock. The stock was purchased at an average cost of GBX 785 per share, for a total transaction of £144,722.60.
  • On Monday, September 29th, Richard Woodman bought 1,914 shares of Paragon Banking Group stock. The stock was purchased at an average price of GBX 857 per share, with a total value of £16,402.98.

Paragon Banking Group Trading Up 2.1%

PAG stock opened at GBX 834.49 on Friday. The stock has a market cap of £1.59 billion, a PE ratio of 8.65, a P/E/G ratio of 0.50 and a beta of 1.52. Paragon Banking Group PLC has a 12 month low of GBX 650.50 and a 12 month high of GBX 981. The company has a 50-day moving average price of GBX 828.20 and a 200 day moving average price of GBX 878.65.

Paragon Banking Group announced that its Board of Directors has initiated a stock buyback program on Wednesday, December 3rd that permits the company to repurchase 0 shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on PAG shares. Shore Capital raised Paragon Banking Group to a “buy” rating and set a GBX 1,000 target price on the stock in a research note on Wednesday, December 3rd. Jefferies Financial Group upped their price objective on Paragon Banking Group from GBX 930 to GBX 1,015 and gave the company a “hold” rating in a research report on Tuesday, August 26th. Finally, Royal Bank Of Canada increased their target price on Paragon Banking Group from GBX 975 to GBX 1,050 and gave the stock an “outperform” rating in a research note on Thursday, December 4th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 1,016.50.

View Our Latest Report on Paragon Banking Group

Paragon Banking Group Company Profile

(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.

Recommended Stories