Paragon Banking Group (LON:PAG) Stock Passes Above 200-Day Moving Average – Time to Sell?

Paragon Banking Group PLC (LON:PAG)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 793.11 and traded as high as GBX 846.50. Paragon Banking Group shares last traded at GBX 830, with a volume of 286,612 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. UBS Group reiterated a “buy” rating and issued a GBX 1,035 price objective on shares of Paragon Banking Group in a report on Friday, May 29th. Royal Bank Of Canada restated an “outperform” rating and set a GBX 1,050 target price on shares of Paragon Banking Group in a research note on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 1,100 price target on shares of Paragon Banking Group in a research note on Thursday, July 30th. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 1,000 price objective on shares of Paragon Banking Group in a report on Wednesday, July 29th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of GBX 1,048.

Paragon Banking Group Stock Performance

The business has a 50-day moving average of GBX 785.91 and a 200 day moving average of GBX 793.34. The company has a debt-to-equity ratio of 163.38, a current ratio of 16.10 and a quick ratio of 1.48. The company has a market cap of £1.51 billion, a PE ratio of 9.19, a PEG ratio of 0.50 and a beta of 1.19.

Paragon Banking Group (LON:PAG) last announced its earnings results on Tuesday, June 2nd. The company reported GBX 52.10 earnings per share (EPS) for the quarter. Paragon Banking Group had a return on equity of 11.98% and a net margin of 14.98%.The business had revenue of £259.20 million for the quarter. Equities research analysts anticipate that Paragon Banking Group PLC will post 104.0245566 EPS for the current fiscal year.

Paragon Banking Group declared that its board has initiated a share repurchase program on Monday, July 6th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s management believes its stock is undervalued.

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.