Paragon Banking Group (LON:PAG) Price target raised to 650 GBX by Liberum Capital analysts

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Paragon Banking Group (LON:PAG – Get a rating) had its price target raised by equity research analysts Liberum Capital from GBX 630 ($8.25) to GBX 650 ($8.51) in a report on Friday, Marketbeat.com reports. The company currently has a “buy” rating on the stock. Liberum Capital’s price target suggests a potential upside of 28.08% from the company’s previous close.

Other research analysts have also released reports on the stock. Shore Capital reissued a “hold” rating on Paragon Banking Group shares in a research note on Friday, January 28. Royal Bank of Canada reissued an “industry performance” rating and published a target price of GBX 560 ($7.34) on shares of Paragon Banking Group in a research report on Thursday, March 24. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 660 ($8.65) price target on Paragon Banking Group shares in a Tuesday, Dec. 7 report. Two analysts have rated the stock with a hold rating and three have assigned the stock a buy rating. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of 597.50 GBX ($7.83).

LON:PAG opened at GBX 507.50 ($6.65) on Friday. Paragon Banking Group has a 12-month low of 408.80 GBX ($5.35) and a 12-month high of 619 GBX ($8.11). The company has a market capitalization of £1.25 billion and a price-earnings ratio of 8.05. The company has a current ratio of 1.56, a quick ratio of 1.55 and a debt ratio of 362.74. The company’s fifty-day simple moving average is 523.57 GBX and its 200-day simple moving average is 541.17 GBX.

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In a similar vein, insider Nigel S. Terrington acquired 3,702 shares of Paragon Banking Group in a trade on Tuesday, March 29. The share was purchased at an average cost of 501 GBX ($6.56) per share, with a total value of £18,547.02 ($24,295.28). Additionally, insider Richard Woodman sold 227,017 shares of the company in a trade dated Friday, March 18. The shares were sold at an average price of 496 GBX ($6.50), for a total transaction of £1,126,004.32 ($1,474,986.01).

About Paragon Banking Group (Get a rating)

Paragon Banking Group PLC provides financial products and services in the UK. The Company operates through three segments: Mortgages, Commercial Loans and Idem Capital. The Mortgages segment offers buy-to-let first charge mortgages and owner-occupied first and second charge mortgages on residential properties.

Further reading

Analyst Recommendations for Paragon Banking Group (LON:PAG)

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