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Paragon Banking Group PLC ( (GB:PAG) ) has provided an announcement.
Paragon Banking Group PLC has executed a share buyback program, purchasing 90,000 of its ordinary shares at an average price of 915.6297p per share, as part of a previously announced £50 million buyback initiative. This move is likely aimed at enhancing shareholder value by reducing the number of shares in circulation, thereby potentially increasing earnings per share and reflecting confidence in the company’s financial position.
The most recent analyst rating on (GB:PAG) stock is a Buy with a £950.00 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, primarily focusing on banking and lending services. The company is involved in providing a range of financial products and services, including savings accounts, loans, and mortgages, with a market focus on both individual and business customers.
Average Trading Volume: 347,118
Technical Sentiment Signal: Buy
Current Market Cap: £1.74B
For detailed information about PAG stock, go to TipRanks’ Stock Analysis page.