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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 a volume-weighted average price of 910.1583p per share. This move is part of a previously announced £50 million share buyback program, potentially enhancing shareholder value and optimizing the company’s capital structure.
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 banking and lending solutions. The company primarily offers savings accounts, mortgages, and loans, catering to both personal and business clients.
Average Trading Volume: 338,962
Technical Sentiment Signal: Buy
Current Market Cap: £1.78B
For detailed information about PAG stock, go to TipRanks’ Stock Analysis page.