Paragon Group of Companies PLC (LON:PAG) Downgraded by Numis Securities Ltd

Paragon Group of Companies PLC (LON:PAG) was downgraded by research analysts at Numis Securities Ltd to a “reduce” rating in a report released on Monday, July 3rd. They currently have a GBX 375 ($4.86) price target on the stock, down from their prior price target of GBX 464 ($6.01). Numis Securities Ltd’s target price points to a potential downside of 9.31% from the stock’s previous close.

Several other research firms have also recently commented on PAG. J P Morgan Chase & Co reissued an “underweight” rating and set a GBX 355 ($4.60) price target on shares of Paragon Group of Companies PLC in a research note on Wednesday, May 24th. Shore Capital reissued a “buy” rating on shares of Paragon Group of Companies PLC in a research note on Tuesday, May 23rd. Peel Hunt increased their price target on shares of Paragon Group of Companies PLC from GBX 460 ($5.96) to GBX 510 ($6.61) and gave the company a “buy” rating in a research note on Tuesday, May 23rd. Liberum Capital reissued a “hold” rating and set a GBX 395 ($5.12) price target on shares of Paragon Group of Companies PLC in a research note on Tuesday, May 23rd. Finally, Jefferies Group LLC increased their price target on shares of Paragon Group of Companies PLC from GBX 490 ($6.35) to GBX 546 ($7.07) and gave the company a “buy” rating in a research note on Tuesday, May 9th. Four equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company’s stock. Paragon Group of Companies PLC presently has an average rating of “Hold” and an average target price of GBX 430.91 ($5.58).

Shares of Paragon Group of Companies PLC (PAG) opened at 413.50 on Monday. The company’s 50-day moving average price is GBX 455.84 and its 200 day moving average price is GBX 431.19. The company’s market cap is GBX 1.13 billion. Paragon Group of Companies PLC has a one year low of GBX 225.10 and a one year high of GBX 490.80.

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

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In other Paragon Group of Companies PLC news, insider Hugo Tudor sold 105,000 shares of the stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of GBX 476 ($6.17), for a total value of £499,800 ($647,409.33).

About Paragon Group of Companies PLC

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.

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

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