Shore Capital Downgrades Paragon Banking Group (LON:PAG) to Hold

Paragon Banking Group (LON:PAG) was downgraded by stock analysts at Shore Capital to a “hold” rating in a research report issued on Tuesday, MarketBeat Ratings reports. They presently have a GBX 975 ($12.93) target price on the stock. Shore Capital’s price objective points to a potential upside of 9.80% from the company’s previous close.

Separately, Canaccord Genuity Group upped their price objective on Paragon Banking Group from GBX 958 ($12.70) to GBX 1,001 ($13.27) and gave the company a “buy” rating in a research report on Thursday, July 3rd.

Paragon Banking Group Stock Performance

PAG opened at GBX 888 ($11.77) on Tuesday. The stock’s 50 day moving average price is GBX 920.59 and its 200-day moving average price is GBX 827.22. Paragon Banking Group has a one year low of GBX 650.50 ($8.63) and a one year high of GBX 981 ($13.01). The stock has a market cap of £1.78 billion, a price-to-earnings ratio of 9.58, 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 Hugo Tudor sold 5,000 shares of Paragon Banking Group stock in a transaction on Friday, July 18th. The stock was sold at an average price of GBX 950 ($12.60), for a total transaction of £47,500 ($62,980.64). Also, insider Richard Woodman purchased 1,739 shares of the company’s stock in a transaction dated Monday, June 30th. The shares were purchased at an average cost of GBX 941 ($12.48) per share, for a total transaction of £16,363.99 ($21,697.15). Corporate insiders own 3.59% of the company’s stock.

About Paragon Banking Group

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.