Paragon Banking Group (LON:PAG) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Paragon Banking Group PLC (LON:PAG)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 744.96 ($9.73) and traded as high as GBX 771.50 ($10.07). Paragon Banking Group shares last traded at GBX 770.50 ($10.06), with a volume of 492,843 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada reaffirmed an “outperform” rating and set a GBX 875 ($11.43) price target on shares of Paragon Banking Group in a report on Wednesday, July 31st.

Paragon Banking Group Trading Up 0.9 %

The company has a quick ratio of 1.48, a current ratio of 1.21 and a debt-to-equity ratio of 168.79. The company’s fifty day moving average price is GBX 761.56 and its two-hundred day moving average price is GBX 745.31. The firm has a market cap of £1.52 billion, a PE ratio of 1,131.06, a P/E/G ratio of 0.50 and a beta of 1.52.

Insider Buying and Selling at Paragon Banking Group

In other Paragon Banking Group news, insider Nigel S. Terrington purchased 3,248 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The shares were purchased at an average cost of GBX 774 ($10.11) per share, for a total transaction of £25,139.52 ($32,827.79). In related news, insider Nigel S. Terrington purchased 3,248 shares of the business’s stock in a transaction dated Friday, September 27th. The stock was acquired at an average price of GBX 774 ($10.11) per share, for a total transaction of £25,139.52 ($32,827.79). Also, insider Hugo Tudor sold 13,000 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of GBX 754 ($9.85), for a total transaction of £98,020 ($127,996.87). 3.58% of the stock is owned by corporate insiders.

About Paragon Banking Group

Paragon Banking Group PLC provides financial products and services in the United Kingdom. It operates in two segments, Mortgage Lending and Commercial Lending. The Mortgage Lending segment offers buy-to-let mortgages, as well as includes owner-occupied first and second charge mortgages. The Commercial Lending segment comprises SME lending, such as hire purchase, and finance and operating leases; and provides development finance, motor finance, structured lending, and other products.