Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
An update from Paragon Banking Group PLC ( (GB:PAG) ) is now available.
Paragon Banking Group PLC has executed a share buyback program, purchasing 31,505 of its ordinary shares on the London Stock Exchange through Peel Hunt LLP. This move is part of a larger £50 million buyback initiative announced in December 2024, aimed at reducing the number of shares in circulation and potentially increasing shareholder value. Following this transaction, the company holds 5,198,608 shares in treasury, with 199,206,352 shares remaining in issue, which represents the total voting rights for shareholders.
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 providing banking services, including savings accounts, loans, and mortgages. The company is listed on the London Stock Exchange and engages in activities that cater to both individual and business clients.
Average Trading Volume: 469,016
Technical Sentiment Signal: Buy
Current Market Cap: £1.71B
Find detailed analytics on PAG stock on TipRanks’ Stock Analysis page.