Paragon Banking Group Executes Share Buyback Program

Paragon Banking Group PLC ( (GB:PAG) ) just unveiled an update.

Paragon Banking Group PLC has executed a share buyback, purchasing 83,623 of its ordinary shares on the London Stock Exchange as part of a £50 million buyback program announced in December 2024. This action is likely to impact the company’s share value and market perception by reducing the number of shares in circulation, potentially increasing earnings per share and providing a signal of confidence in the company’s financial health.

The most recent analyst rating on (GB:PAG) stock is a Buy with a £875.00 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, focusing on providing banking and lending services. The company is known for its mortgage and loan offerings and has a significant presence in the UK market.

Average Trading Volume: 472,312

Technical Sentiment Signal: Buy

Current Market Cap: £1.73B

For an in-depth examination of PAG stock, go to TipRanks’ Stock Analysis page.