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Paragon Banking Group PLC ( (GB:PAG) ) has provided an announcement.
Paragon Banking Group PLC announced the repurchase of 45,000 ordinary shares as part of its ongoing £50 million share buyback program. This move is part of the company’s strategy to enhance shareholder value, and the repurchase was executed through UBS AG London Branch. The transaction reflects Paragon’s commitment to optimizing its capital structure and returning value to its shareholders, potentially impacting its stock liquidity and market perception.
The most recent analyst rating on (GB:PAG) stock is a Buy with a £875.00 price target. To see the full list of analyst forecasts on Paragon Banking Group PLC stock, see the GB:PAG Stock Forecast page.
Spark’s Take on GB:PAG Stock
According to Spark, TipRanks’ AI Analyst, GB:PAG is a Outperform.
Paragon Banking Group PLC’s stock is well-supported by strong financial performance and attractive valuation. The strategic share buyback program further enhances shareholder value. However, caution is advised due to potential short-term volatility as indicated by technical analysis. Overall, the stock presents an appealing opportunity for value investors.
To see Spark’s full report on GB:PAG stock, click here.
More about Paragon Banking Group PLC
Paragon Banking Group PLC operates in the financial services industry, focusing on providing banking and lending services. The company is involved in mortgage lending, savings accounts, and personal loans, catering primarily to the UK market.
Average Trading Volume: 372,795
Technical Sentiment Signal: Buy
Current Market Cap: £1.79B
See more data about PAG stock on TipRanks’ Stock Analysis page.