Shore Capital Reaffirms “Buy” Rating for Paragon Banking Group (LON:PAG)

Paragon Banking Group (LON:PAG)‘s stock had its “buy” rating reiterated by equities researchers at Shore Capital in a report issued on Friday, June 28th, ThisIsMoney.Co.Uk reports.

Several other brokerages have also weighed in on PAG. Canaccord Genuity upped their target price on from GBX 495 ($6.47) to GBX 500 ($6.53) and gave the stock a “buy” rating in a research report on Thursday, June 13th. Jefferies Financial Group increased their price objective on Linde from $205.00 to $216.00 and gave the company a “buy” rating in a report on Tuesday, May 28th. They noted that the move was a valuation call. Peel Hunt reaffirmed a “buy” rating on shares of Costain Group in a report on Friday, June 28th. Royal Bank of Canada lowered their target price on from GBX 80 ($1.05) to GBX 75 ($0.98) and set an “outperform” rating on the stock in a report on Thursday, June 20th. Finally, Numis Securities reaffirmed a “buy” rating and issued a GBX 340 ($4.44) target price on shares of BT Group in a report on Tuesday, May 28th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of GBX 516.40 ($6.75).

PAG stock traded down GBX 3.40 ($0.04) during mid-day trading on Friday, hitting GBX 444.40 ($5.81). The stock had a trading volume of 284,685 shares, compared to its average volume of 729,645. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 692.41. Paragon Banking Group has a 1-year low of GBX 379.20 ($4.95) and a 1-year high of GBX 520.50 ($6.80). The business’s fifty day moving average price is GBX 440.38. The stock has a market cap of $1.16 billion and a PE ratio of 8.34.

About Paragon Banking Group

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.

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Analyst Recommendations for Paragon Banking Group (LON:PAG)

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