UBS Group Reiterates Buy Rating for Paragon Banking Group (LON:PAG)

Paragon Banking Group (LON:PAG)‘s stock had its “buy” rating reiterated by investment analysts at UBS Group in a research report issued to clients and investors on Monday, Stock Target Advisor reports. They currently have a GBX 450 ($5.54) price objective on the stock, up from their prior price objective of GBX 435 ($5.35). UBS Group’s price objective would indicate a potential upside of 28.57% from the company’s current price.

Several other equities analysts also recently issued reports on PAG. Royal Bank of Canada restated a “sector performer” rating on shares of Paragon Banking Group in a report on Thursday, April 2nd. Shore Capital restated a “buy” rating on shares of Paragon Banking Group in a report on Wednesday, June 10th. Finally, Peel Hunt restated a “buy” rating on shares of Paragon Banking Group in a report on Friday, June 19th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of GBX 533.17 ($6.56).

Shares of Paragon Banking Group stock opened at GBX 350 ($4.31) on Monday. The company has a market capitalization of $887.94 million and a PE ratio of 8.16. The company has a debt-to-equity ratio of 580.52, a quick ratio of 2.05 and a current ratio of 2.05. The company has a 50-day simple moving average of GBX 344.42 and a two-hundred day simple moving average of GBX 415.67. Paragon Banking Group has a one year low of GBX 217 ($2.67) and a one year high of GBX 555.50 ($6.84).

Paragon Banking Group (LON:PAG) last announced its earnings results on Wednesday, June 10th. The company reported GBX 17.60 ($0.22) EPS for the quarter.

In related news, insider Barbara Ridpath bought 2,000 shares of the business’s stock in a transaction on Thursday, June 11th. The stock was acquired at an average cost of GBX 360 ($4.43) per share, with a total value of £7,200 ($8,860.45). Also, insider Alison Morris bought 4,000 shares of the business’s stock in a transaction on Friday, June 26th. The stock was bought at an average cost of GBX 354 ($4.36) per share, with a total value of £14,160 ($17,425.55).

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.

See Also: Different Types of Derivatives

Analyst Recommendations for Paragon Banking Group (LON:PAG)

Receive News & Ratings for Paragon Banking Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paragon Banking Group and related companies with MarketBeat.com's FREE daily email newsletter.