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Paragon Banking Group PLC ( (GB:PAG) ) has provided an update.
Paragon Banking Group PLC has executed a share buyback, purchasing 55,000 of its ordinary shares through UBS AG London Branch, as part of a previously announced £50 million buyback program. The transaction reflects the company’s strategic move to manage its capital structure and potentially enhance shareholder value. Following this purchase, Paragon holds 8,628,416 shares in treasury, with 195,776,544 ordinary shares in issue, impacting the total voting rights available to shareholders.
The most recent analyst rating on (GB:PAG) stock is a Buy with a £975.00 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 is involved in providing savings and loan products, catering to a diverse range of customers including individuals and businesses.
Average Trading Volume: 339,076
Technical Sentiment Signal: Buy
Current Market Cap: £1.74B
Find detailed analytics on PAG stock on TipRanks’ Stock Analysis page.