Paragon Banking Group Executes Share Buyback

The latest announcement is out from Paragon Banking Group PLC ( (GB:PAG) ).

Paragon Banking Group PLC has announced the purchase of 127,615 of its ordinary shares as part of a share buyback program valued up to £50 million. This transaction, executed through Jefferies International Limited, reflects the company’s strategy to manage its capital structure and potentially enhance shareholder value. Following this purchase, Paragon holds 3,806,038 shares in treasury, with 193,598,922 shares remaining in issue, which also represents the total voting rights. The buyback could signal confidence in the company’s financial health and may impact its stock valuation positively.

The most recent analyst rating on (GB:PAG) stock is a Buy with a £1050.00 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 strong financial performance, characterized by high profitability and robust cash flow, is the most significant factor driving the stock score. The valuation is favorable with a low P/E ratio and high dividend yield. However, technical indicators suggest bearish momentum, which tempers the overall score.

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 is involved in providing a range of financial products, including loans and savings accounts, with a market focus on personal and commercial banking solutions.

Average Trading Volume: 429,099

Technical Sentiment Signal: Buy

Current Market Cap: £1.54B

For detailed information about PAG stock, go to TipRanks’ Stock Analysis page.