Paragon Group of Companies PLC’s (PAG) “Hold” Rating Reiterated at Numis Securities Ltd

Paragon Group of Companies PLC (LON:PAG)‘s stock had its “hold” rating reissued by investment analysts at Numis Securities Ltd in a research report issued to clients and investors on Tuesday, May 23rd. They currently have a GBX 377 ($4.80) target price on the stock. Numis Securities Ltd’s target price would suggest a potential downside of 15.72% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. Shore Capital restated a “buy” rating on shares of Paragon Group of Companies PLC in a research note on Tuesday, May 23rd. Peel Hunt lifted their target price on Paragon Group of Companies PLC from GBX 460 ($5.86) to GBX 510 ($6.50) and gave the stock a “buy” rating in a report on Tuesday, May 23rd. J P Morgan Chase & Co lifted their target price on Paragon Group of Companies PLC from GBX 340 ($4.33) to GBX 355 ($4.52) and gave the stock an “underweight” rating in a report on Monday, January 30th. Jefferies Group LLC lifted their target price on Paragon Group of Companies PLC from GBX 490 ($6.24) to GBX 546 ($6.96) and gave the stock a “buy” rating in a report on Tuesday, May 9th. Finally, Panmure Gordon lifted their target price on Paragon Group of Companies PLC from GBX 340 ($4.33) to GBX 355 ($4.52) and gave the stock an “underweight” rating in a report on Monday, January 30th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 435 ($5.54).

Analyst Recommendations for Paragon Group of Companies PLC (LON:PAG)

Shares of Paragon Group of Companies PLC (PAG) traded down 1.00% during mid-day trading on Tuesday, hitting GBX 447.30. 841,834 shares of the stock traded hands. The stock’s market cap is GBX 1.22 billion. The stock has a 50-day moving average of GBX 465.84 and a 200 day moving average of GBX 429.20. Paragon Group of Companies PLC has a one year low of GBX 225.10 and a one year high of GBX 490.80.

The business also recently declared a dividend, which will be paid on Friday, July 28th. Investors of record on Thursday, July 6th will be paid a GBX 4.70 ($0.06) dividend. The ex-dividend date of this dividend is Thursday, July 6th. This represents a yield of 0.99%.

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In related news, insider Hugo Tudor sold 105,000 shares of Paragon Group of Companies PLC stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of GBX 476 ($6.06), for a total value of £499,800 ($636,769.02).

Paragon Group of Companies PLC Company Profile

The Paragon Group of Companies PLC is engaged in 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. It operates through three segments: Paragon Mortgages, Idem Capital and Paragon Bank.

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