Paragon Banking Group Executes Share Buyback Program

Paragon Banking Group PLC ( (GB:PAG) ) has issued an update.

Paragon Banking Group PLC has executed a share buyback program, purchasing 82,670 of its ordinary shares on the London Stock Exchange. This move is part of a broader initiative to buy back up to £50 million worth of shares, initially announced in December 2024. The buyback reflects the company’s strategy to manage its capital structure and potentially enhance shareholder value. Following this transaction, the company holds over 5.4 million shares in treasury, with total voting rights amounting to 198,990,059 shares, which could influence shareholder notifications under regulatory guidelines.

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 within the financial services industry, focusing on providing banking and lending solutions. The company is known for its mortgage and loan products, catering primarily to the UK market.

Average Trading Volume: 474,317

Technical Sentiment Signal: Buy

Current Market Cap: £1.73B

For a thorough assessment of PAG stock, go to TipRanks’ Stock Analysis page.