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
The latest update is out from Paragon Banking Group PLC ( (GB:PAG) ).
Paragon Banking Group PLC has executed a share buyback program, purchasing 50,000 of its ordinary shares on the London Stock Exchange at prices ranging from 886.50p to 900.50p per share. This transaction is part of a larger £50 million buyback initiative announced in December 2024, aimed at optimizing the company’s capital structure and potentially enhancing shareholder value by reducing the number of shares in circulation.
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 is a financial services company operating in the banking industry. It primarily focuses on offering savings and lending products, including mortgages and loans, to individuals and businesses in the UK market.
Average Trading Volume: 472,748
Technical Sentiment Signal: Buy
Current Market Cap: £1.73B
See more insights into PAG stock on TipRanks’ Stock Analysis page.