Paragon Banking Group Executes Share Buyback Program

An announcement from Paragon Banking Group PLC ( (GB:PAG) ) is now available.

Paragon Banking Group PLC has executed a share buyback program, purchasing 45,000 of its ordinary shares at a volume-weighted average price of 907.6428p per share. This move is part of a larger £50 million buyback initiative announced earlier, which aims to enhance shareholder value by reducing the number of shares in circulation, thereby potentially increasing earnings per share.

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 involved in offering a range of financial products including savings accounts, loans, and mortgages, primarily targeting the UK market.

Average Trading Volume: 383,134

Technical Sentiment Signal: Buy

Current Market Cap: £1.75B

Learn more about PAG stock on TipRanks’ Stock Analysis page.