Paragon Banking Group (LON:PAG) Shares Pass Below 200-Day Moving Average – Should You Sell?

Shares of Paragon Banking Group PLC (LON:PAG) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 874.37 and traded as low as GBX 853. Paragon Banking Group shares last traded at GBX 854.50, with a volume of 280,582 shares trading hands.

Analyst Ratings Changes

PAG has been the topic of a number of research reports. Shore Capital raised Paragon Banking Group to a “buy” rating and set a GBX 1,000 price objective on the stock in a report on Wednesday, December 3rd. Royal Bank Of Canada lifted their target price on shares of Paragon Banking Group from GBX 975 to GBX 1,050 and gave the stock an “outperform” rating in a research report on Thursday, December 4th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,016.50.

Paragon Banking Group Trading Down 1.2%

The company has a market capitalization of £1.63 billion, a P/E ratio of 8.85, a P/E/G ratio of 0.50 and a beta of 1.52. The company’s fifty day moving average is GBX 832.83 and its 200 day moving average is GBX 874.37.

Paragon Banking Group announced that its board has authorized a stock repurchase program on Wednesday, December 3rd that allows the company to repurchase 0 shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In related news, insider Richard Woodman bought 18,436 shares of the company’s stock in a transaction dated Thursday, December 4th. The stock was purchased at an average cost of GBX 785 per share, with a total value of £144,722.60. Also, insider Nigel S. Terrington bought 30,280 shares of the firm’s stock in a transaction on Thursday, December 4th. The shares were acquired at an average cost of GBX 785 per share, with a total value of £237,698. Insiders have acquired a total of 63,716 shares of company stock valued at $50,362,060 in the last ninety days. 1.99% of the stock is currently owned by corporate insiders.

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.
Its operations are organised into two lending divisions and lending is funded largely by retail deposits.