Paragon Banking Group (PAG) Reaches New 1-Year High at $499.50

Paragon Banking Group PLC (LON:PAG) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 499.50 ($6.72) and last traded at GBX 496.80 ($6.69), with a volume of 516753 shares changing hands. The stock had previously closed at GBX 492 ($6.62).

Several brokerages have commented on PAG. Peel Hunt reissued an “add” rating and issued a GBX 510 ($6.86) price target on shares of Paragon Banking Group in a report on Thursday, November 23rd. Shore Capital reissued a “buy” rating on shares of Paragon Banking Group in a report on Thursday, September 21st. Canaccord Genuity reissued a “hold” rating and issued a GBX 500 ($6.73) price target on shares of Paragon Banking Group in a report on Thursday, November 23rd. Numis Securities reissued a “hold” rating and issued a GBX 375 ($5.05) price target on shares of Paragon Banking Group in a report on Thursday, November 23rd. Finally, Liberum Capital reissued a “buy” rating and issued a GBX 490 ($6.59) price target on shares of Paragon Banking Group in a report on Friday, December 8th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of GBX 460.56 ($6.20).

The firm also recently disclosed a dividend, which will be paid on Monday, February 19th. Shareholders of record on Thursday, January 4th will be given a dividend of GBX 11 ($0.15) per share. The ex-dividend date is Thursday, January 4th. This represents a yield of 2.37%. This is a positive change from Paragon Banking Group’s previous dividend of $4.70.

In other Paragon Banking Group news, insider John Heron sold 69,525 shares of the stock in a transaction on Monday, December 4th. The shares were sold at an average price of GBX 478 ($6.43), for a total transaction of £332,329.50 ($447,280.62). Also, insider Hugo Tudor sold 200,000 shares of the stock in a transaction on Thursday, November 23rd. The shares were sold at an average price of GBX 105 ($1.41), for a total transaction of £210,000 ($282,637.95). Insiders have sold 304,525 shares of company stock valued at $71,517,950 in the last quarter.

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About Paragon Banking Group

Paragon Banking Group PLC, formerly 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.

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