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Paragon Banking Group PLC ( (GB:PAG) ) just unveiled an update.
Paragon Banking Group PLC has repurchased 70,000 ordinary shares at a volume-weighted average price of 837.5248 pence as part of its previously announced £50 million share buyback programme. The purchases, executed through Jefferies International across multiple trading venues, increase the company’s treasury holdings to 6,273,095 shares and leave 191,131,865 shares in issue, a figure that now represents the total voting rights for regulatory disclosure purposes.
By continuing its buyback activity, Paragon is returning capital to shareholders and marginally reducing the free float, which can support earnings per share over time. The updated share count and voting-rights figure provide investors and other stakeholders with an essential reference point for calculating ownership thresholds and regulatory reporting obligations under UK market transparency rules.
The most recent analyst rating on (GB:PAG) stock is a Buy with a £1050.00 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 Neutral.
Overall score reflects attractive valuation (low P/E and high dividend yield) and supportive technical positioning above major moving averages. These positives are tempered by financial risks from rising leverage and notable volatility in revenue and cash flow, which reduce confidence in the stability of recent performance.
To see Spark’s full report on GB:PAG stock, click here.
More about Paragon Banking Group PLC
Paragon Banking Group PLC is a UK-based specialist lender and savings bank focused on retail and commercial banking services. The group typically serves niche segments of the lending market while also offering deposit products to retail customers, positioning itself as an alternative to mainstream high-street banks.
Average Trading Volume: 537,165
Technical Sentiment Signal: Strong Buy
Current Market Cap: £1.6B
Find detailed analytics on PAG stock on TipRanks’ Stock Analysis page.