Paragon Banking Group (LON:PAG) Receives “Sector Performer” Rating from Royal Bank of Canada
Paragon Banking Group (LON:PAG)‘s stock had its “sector performer” rating reissued by equities research analysts at Royal Bank of Canada in a research report issued to clients and investors on Tuesday, ThisIsMoney.Co.Uk reports.
A number of other research analysts have also commented on the company. UBS Group reiterated a “buy” rating and issued a GBX 543 ($7.14) price objective (up from GBX 530 ($6.97)) on shares of Paragon Banking Group in a research report on Wednesday, November 27th. Peel Hunt reiterated a “buy” rating on shares of Paragon Banking Group in a research report on Monday. Investec lowered Paragon Banking Group to a “hold” rating and decreased their price objective for the company from GBX 580 ($7.63) to GBX 555 ($7.30) in a research report on Thursday, January 2nd. Jefferies Financial Group reiterated a “buy” rating on shares of Paragon Banking Group in a research report on Friday, December 13th. Finally, Shore Capital reiterated a “buy” rating on shares of Paragon Banking Group in a research report on Thursday, January 30th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of GBX 552.43 ($7.27).
PAG traded down GBX 39.80 ($0.52) during mid-day trading on Tuesday, reaching GBX 268 ($3.53). The stock had a trading volume of 1,161,323 shares, compared to its average volume of 729,645. The stock has a market capitalization of $687.35 million and a P/E ratio of 5.56. The company has a debt-to-equity ratio of 607.08, a quick ratio of 2.15 and a current ratio of 2.17. The firm’s fifty day simple moving average is GBX 472.39 and its two-hundred day simple moving average is GBX 490.91. Paragon Banking Group has a 52 week low of GBX 355.80 ($4.68) and a 52 week high of GBX 555.50 ($7.31).
Paragon Banking Group Company Profile
Paragon Banking Group PLC provides financial services in the United Kingdom. The company operates through three segments: Mortgages, Commercial Lending, and Idem Capital. The Mortgages segment offers buy-to-let first charge, and owner-occupied first and second charge mortgages on residential property.
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