Shore Capital Raises Paragon Banking Group (PAG) Price Target to GBX 570

Paragon Banking Group (LON:PAG) had its price objective raised by Shore Capital from GBX 515 ($6.91) to GBX 570 ($7.65) in a research note issued to investors on Thursday. They currently have a buy rating on the stock.

PAG has been the subject of a number of other reports. Barclays reiterated an equal weight rating and issued a GBX 490 ($6.57) target price on shares of Paragon Banking Group in a report on Wednesday, January 24th. Canaccord Genuity upgraded shares of Paragon Banking Group to a buy rating and boosted their target price for the stock from GBX 500 ($6.71) to GBX 550 ($7.38) in a report on Monday, February 12th. Peel Hunt reiterated an add rating on shares of Paragon Banking Group in a report on Tuesday, May 8th. Finally, Liberum Capital reiterated a buy rating on shares of Paragon Banking Group in a report on Friday, March 23rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of GBX 504.22 ($6.77).

Shares of Paragon Banking Group stock opened at GBX 508 ($6.82) on Thursday. Paragon Banking Group has a one year low of GBX 400.30 ($5.37) and a one year high of GBX 555.99 ($7.46).

The firm also recently declared a dividend, which will be paid on Friday, July 27th. Stockholders of record on Thursday, July 5th will be paid a dividend of GBX 5.50 ($0.07) per share. The ex-dividend date of this dividend is Thursday, July 5th. This represents a dividend yield of 1.08%.

In other news, insider Robert Dench sold 30,000 shares of the business’s stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of GBX 505 ($6.78), for a total transaction of £151,500 ($203,273.85). Also, insider Nigel S. Terrington sold 4,080 shares of the company’s stock in a transaction that occurred on Thursday, April 5th. The shares were sold at an average price of GBX 477 ($6.40), for a total value of £19,461.60 ($26,112.44).

Paragon Banking Group Company Profile

Paragon Banking Group PLC provides financial services in the United Kingdom. The company operates through three segments: Mortgages, Commercial Lending, and Idem Capital. The Mortgages segment offers buy-to-let first charge, and owner-occupied first and second charge mortgages on residential property.

Analyst Recommendations for Paragon Banking Group (LON:PAG)

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