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An update from Paragon Banking Group PLC ( (GB:PAG) ) is now available.
Paragon Banking Group PLC has executed a share buyback, purchasing 55,000 of its ordinary shares at prices ranging from 925.50p to 935.50p, as part of a £50 million buyback program. This move is likely to positively impact shareholder value by reducing the number of shares in circulation, potentially increasing earnings per share and reflecting 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 solutions such as savings accounts, loans, and mortgages primarily in the UK market.
Average Trading Volume: 343,330
Technical Sentiment Signal: Buy
Current Market Cap: £1.79B
Learn more about PAG stock on TipRanks’ Stock Analysis page.