Paragon Banking Group (LON:PAG) Price Target Raised to GBX 958 at Canaccord Genuity Group

Paragon Banking Group (LON:PAG) had its target price increased by Canaccord Genuity Group from GBX 844 ($11.33) to GBX 958 ($12.86) in a report released on Wednesday, Marketbeat Ratings reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price points to a potential upside of 7.76% from the stock’s previous close.

Separately, Shore Capital reissued a “buy” rating on shares of Paragon Banking Group in a report on Thursday, April 10th.

Paragon Banking Group Stock Up 0.4%

Shares of Paragon Banking Group stock opened at GBX 889 ($11.93) on Wednesday. The firm has a market cap of £1.78 billion, a P/E ratio of 9.60, a P/E/G ratio of 0.50 and a beta of 1.52. Paragon Banking Group has a fifty-two week low of GBX 650.50 ($8.73) and a fifty-two week high of GBX 915.50 ($12.29). The business has a 50-day moving average price of GBX 804.15 and a 200 day moving average price of GBX 763.75.

Insider Buying and Selling at Paragon Banking Group

In other Paragon Banking Group news, insider Richard Woodman sold 21,497 shares of Paragon Banking Group stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of GBX 778 ($10.44), for a total value of £167,246.66 ($224,492.16). Also, insider Graeme Yorston bought 458 shares of the firm’s stock in a transaction on Tuesday, March 11th. The stock was bought at an average price of GBX 717 ($9.62) per share, with a total value of £3,283.86 ($4,407.87). Insiders purchased a total of 2,810 shares of company stock worth $2,082,024 over the last ninety days. 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.