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The latest update is out from Paragon Banking Group PLC ( (GB:PAG) ).
Paragon Banking Group PLC announced the purchase of 55,000 of its ordinary shares as part of a £50 million share buyback program. This transaction, executed through UBS AG London Branch, reflects the company’s strategy to manage its capital structure and potentially enhance shareholder value. Following this purchase, the company holds 8,903,416 shares in treasury, with 195,501,544 shares remaining in issue, which represents the total voting rights in the company.
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, primarily focusing on banking services. The company offers a range of financial products, including savings accounts, loans, and mortgages, with a market focus on both individual and business customers.
Average Trading Volume: 346,260
Technical Sentiment Signal: Buy
Current Market Cap: £1.74B
For an in-depth examination of PAG stock, go to TipRanks’ Overview page.