Paragon Banking Group (LON:PAG) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of Paragon Banking Group PLC (LON:PAG) 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.

Paragon Banking Group Trading Up 0.8%

The company has a market cap of £1.81 billion, a price-to-earnings ratio of 9.78, a PEG ratio of 0.50 and a beta of 1.52. The company’s 50 day moving average price is GBX 864.05 and its 200 day moving average price is GBX 789.31.

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.