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An update from Paragon Banking Group PLC ( (GB:PAG) ) is now available.
Paragon Banking Group PLC has announced the repurchase of 105,000 of its ordinary shares as part of a £50 million share buyback program. This transaction, executed through UBS AG London Branch, is part of the company’s strategy to manage its capital structure and return value to shareholders, potentially impacting its market positioning and shareholder interests.
The most recent analyst rating on (GB:PAG) stock is a Hold with a £10.15 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 various financial products and services catering to different market segments.
Average Trading Volume: 375,454
Technical Sentiment Signal: Buy
Current Market Cap: £1.7B
Find detailed analytics on PAG stock on TipRanks’ Stock Analysis page.