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Paragon Banking Group PLC ( (GB:PAG) ) just unveiled an update.
Paragon Banking Group PLC has completed its £50 million share buyback program, initially announced in December 2024, by purchasing 44,638 ordinary shares on the London Stock Exchange. This move consolidates the company’s capital structure and may enhance shareholder value by reducing the number of shares in circulation, potentially increasing earnings per share and market confidence.
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 services and products. The company is known for its mortgage and savings products, catering primarily to the UK market.
Average Trading Volume: 472,959
Technical Sentiment Signal: Buy
Current Market Cap: £1.75B
For detailed information about PAG stock, go to TipRanks’ Stock Analysis page.