Shares of Paragon Banking Group PLC (LON:PAG – Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 789.31 ($10.59) and traded as high as GBX 909.50 ($12.20). Paragon Banking Group shares last traded at GBX 906 ($12.16), with a volume of 289,547 shares traded.
Analysts Set New Price Targets
PAG has been the subject of several recent analyst reports. Shore Capital restated a “buy” rating on shares of Paragon Banking Group in a research note on Wednesday, June 4th. Canaccord Genuity Group raised their target price on shares of Paragon Banking Group from GBX 844 ($11.33) to GBX 958 ($12.86) and gave the stock a “buy” rating in a research note on Wednesday, May 21st.
Read Our Latest Stock Analysis on PAG
Paragon Banking Group Trading Up 0.8%
Insider Transactions at Paragon Banking Group
In related news, insider Richard Woodman purchased 2,193 shares of the business’s stock in a transaction dated Monday, March 31st. The stock was acquired at an average price of GBX 746 ($10.01) per share, for a total transaction of £16,359.78 ($21,953.54). Company insiders own 3.59% of the company’s stock.
Paragon Banking Group Company Profile
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.
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