Paragon Group of Companies PLC (PAG) Receives Buy Rating from Peel Hunt

Peel Hunt reaffirmed their buy rating on shares of Paragon Group of Companies PLC (LON:PAG) in a report issued on Tuesday. Peel Hunt currently has a GBX 460 ($5.59) price target on the stock.

Several other equities research analysts have also commented on the stock. Royal Bank Of Canada upped their price target on shares of Paragon Group of Companies PLC from GBX 350 ($4.26) to GBX 370 ($4.50) and gave the company an outperform rating in a report on Friday, September 23rd. Bank of America Corporation downgraded shares of Paragon Group of Companies PLC to an underperform rating and set a GBX 360 ($4.38) price objective for the company. in a research report on Thursday, November 24th. Barclays PLC upped their price objective on shares of Paragon Group of Companies PLC from GBX 275 ($3.34) to GBX 320 ($3.89) and gave the stock an equal weight rating in a research report on Tuesday, October 4th. Panmure Gordon reiterated a hold rating and issued a GBX 400 ($4.86) price objective on shares of Paragon Group of Companies PLC in a research report on Wednesday, November 23rd. Finally, J P Morgan Chase & Co reiterated an underweight rating and issued a GBX 230 ($2.80) price objective on shares of Paragon Group of Companies PLC in a research report on Thursday, November 24th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. The company has an average rating of Hold and an average price target of GBX 383.90 ($4.67).

Paragon Group of Companies PLC (LON:PAG) traded down 0.15% on Tuesday, reaching GBX 408.80. The company had a trading volume of 816,681 shares. The company’s 50-day moving average price is GBX 387.85 and its 200 day moving average price is GBX 323.06. Paragon Group of Companies PLC has a 1-year low of GBX 225.10 and a 1-year high of GBX 422.20. The firm’s market capitalization is GBX 1.15 billion.

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The company also recently declared a dividend, which will be paid on Monday, February 13th. Stockholders of record on Thursday, January 5th will be paid a GBX 9.20 ($0.11) dividend. This is a boost from Paragon Group of Companies PLC’s previous dividend of $4.30. The ex-dividend date of this dividend is Thursday, January 5th. This represents a dividend yield of 2.48%.

In other news, insider John Heron sold 172,853 shares of the stock in a transaction that occurred on Wednesday, December 21st. The shares were sold at an average price of GBX 400 ($4.86), for a total value of £691,412 ($840,826.95). Also, insider Richard Woodman sold 385,714 shares of the stock in a transaction that occurred on Wednesday, January 4th. The shares were sold at an average price of GBX 413 ($5.02), for a total transaction of £1,592,998.82 ($1,937,247.74).

Paragon Group of Companies PLC Company Profile

The Paragon Group of Companies PLC is engaged in specialist financial services business. The Company operates as an independent buy-to-let lender, and as a debt purchaser through its Idem Capital division, where it purchases, co-manages and services secured and unsecured consumer loan portfolios. The Company’s operating divisions include Paragon Mortgages, Idem Capital and Paragon Bank.

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