Paragon Banking Group (LON:PAG – Get Rating)‘s stock had its “buy” rating restated by equities researchers at Shore Capital in a research note issued to investors on Friday, Marketbeat Ratings reports.
Separately, Royal Bank of Canada raised their target price on shares of Paragon Banking Group from GBX 500 ($6.19) to GBX 575 ($7.12) and gave the stock a “sector perform” rating in a report on Thursday, December 8th.
Paragon Banking Group Stock Up 1.0 %
Paragon Banking Group stock opened at GBX 591 ($7.32) on Friday. The company’s 50 day simple moving average is GBX 537.33 and its 200 day simple moving average is GBX 500.83. Paragon Banking Group has a fifty-two week low of GBX 364.60 ($4.51) and a fifty-two week high of GBX 600.80 ($7.44). The firm has a market capitalization of £1.38 billion and a price-to-earnings ratio of 469.05. The company has a debt-to-equity ratio of 290.57, a current ratio of 1.48 and a quick ratio of 1.48.
Insiders Place Their Bets
In related news, insider Nigel S. Terrington bought 44,084 shares of the company’s stock in a transaction on Wednesday, December 7th. The shares were purchased at an average cost of GBX 490 ($6.07) per share, for a total transaction of £216,011.60 ($267,440.39). In other Paragon Banking Group news, insider Nigel S. Terrington acquired 3,336 shares of the stock in a transaction dated Thursday, December 22nd. The shares were bought at an average cost of GBX 556 ($6.88) per share, for a total transaction of £18,548.16 ($22,964.17). Also, insider Nigel S. Terrington acquired 44,084 shares of the stock in a transaction dated Wednesday, December 7th. The stock was acquired at an average price of GBX 490 ($6.07) per share, for a total transaction of £216,011.60 ($267,440.39).
Paragon Banking Group Company Profile
Paragon Banking Group PLC provides financial services in the United Kingdom. It operates through three segments: Mortgage Lending, Commercial Lending, and Idem Capital. The Mortgages Lending segment offers buy-to-let, owner-occupied first and second charge lending, and related activities. The Commercial Lending segment provides SME lending, development finance, structured lending, and motor finance services.
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