Paragon Banking Group’s (PAG) “Buy” Rating Reiterated at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reiterated their buy rating on shares of Paragon Banking Group (LON:PAG) in a research report report published on Thursday,Digital Look reports. Deutsche Bank Aktiengesellschaft currently has a GBX 1,100 price target on the stock.

Other equities research analysts have also issued research reports about the stock. UBS Group reiterated a “buy” rating and issued a GBX 1,035 price objective on shares of Paragon Banking Group in a research note on Friday, May 29th. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 1,050 target price on shares of Paragon Banking Group in a research note on Thursday. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 1,000 target price on shares of Paragon Banking Group in a report on Wednesday. Six equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of GBX 1,040.17.

Paragon Banking Group Stock Down 1.1%

Shares of LON:PAG opened at GBX 837 on Thursday. The company has a debt-to-equity ratio of 163.38, a quick ratio of 1.48 and a current ratio of 16.10. Paragon Banking Group has a 52-week low of GBX 681.50 and a 52-week high of GBX 932.50. The business’s 50 day simple moving average is GBX 777.57 and its two-hundred day simple moving average is GBX 795.05. The firm has a market cap of £1.55 billion, a P/E ratio of 9.30, a PEG ratio of 0.50 and a beta of 1.19.

Paragon Banking Group (LON:PAG) last issued its quarterly earnings data on Tuesday, June 2nd. The company reported GBX 52.10 earnings per share (EPS) for the quarter. The firm had revenue of £259.20 million during the quarter. Paragon Banking Group had a net margin of 14.98% and a return on equity of 11.98%. As a group, research analysts forecast that Paragon Banking Group will post 104.0245566 EPS for the current fiscal year.

Paragon Banking Group declared that its Board of Directors has approved a stock repurchase plan on Monday, July 6th that permits the company to buyback 0 shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

About Paragon Banking Group

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.