Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Paragon Banking Group PLC ( (GB:PAG) ) has provided an update.
Paragon Banking Group PLC has executed a share buyback transaction, purchasing 55,000 of its ordinary shares at an average price of 938.5592p as part of a £50 million buyback program. This move is likely to impact the company’s share value and market perception by reducing the number of shares in circulation, thereby potentially increasing shareholder value.
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, primarily focusing on banking and lending services. The company offers a range of financial products including savings accounts, mortgages, and loans, catering to both individual and business clients.
Average Trading Volume: 340,871
Technical Sentiment Signal: Buy
Current Market Cap: £1.82B
See more insights into PAG stock on TipRanks’ Stock Analysis page.