Canaccord Genuity Group Forecasts Strong Price Appreciation for Paragon Banking Group (LON:PAG) Stock

Paragon Banking Group (LON:PAGGet Free Report) had its price target increased by equities research analysts at Canaccord Genuity Group from GBX 958 ($13.07) to GBX 1,001 ($13.66) in a research report issued on Thursday, MarketBeat.com reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 7.97% from the company’s previous close.

Separately, Shore Capital restated a “buy” rating on shares of Paragon Banking Group in a research report on Wednesday, June 4th.

Check Out Our Latest Analysis on PAG

Paragon Banking Group Stock Up 0.8%

PAG opened at GBX 927.07 ($12.65) on Thursday. Paragon Banking Group has a 12 month low of GBX 650.50 ($8.88) and a 12 month high of GBX 970 ($13.24). The company has a fifty day simple moving average of GBX 897.20 and a 200 day simple moving average of GBX 801.82. The stock has a market cap of £1.85 billion, a P/E ratio of 10.01, a P/E/G ratio of 0.50 and a beta of 1.52.

Insider Transactions at Paragon Banking Group

In other Paragon Banking Group news, insider Nigel S. Terrington acquired 2,753 shares of Paragon Banking Group stock in a transaction dated Monday, June 30th. The stock was bought at an average cost of GBX 941 ($12.84) per share, for a total transaction of £25,905.73 ($35,356.53). Also, insider Richard Woodman acquired 1,739 shares of Paragon Banking Group stock in a transaction dated Monday, June 30th. The shares were acquired at an average price of GBX 941 ($12.84) per share, with a total value of £16,363.99 ($22,333.82). Corporate insiders own 3.59% of the company’s stock.

About Paragon Banking Group

(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.

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