TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Paragon Banking Group PLC ( (GB:PAG) ) just unveiled an announcement.
Paragon Banking Group PLC has executed a share buyback program, purchasing 122,000 of its ordinary shares at prices ranging from 866.00p to 882.50p, with a volume-weighted average price of 872.0204p. This transaction is part of a larger £50 million buyback initiative announced earlier, reflecting the company’s strategy to enhance shareholder value and optimize its capital structure.
The most recent analyst rating on (GB:PAG) stock is a Hold with a £10.15 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 banking services. The company offers a range of financial products, including savings accounts, loans, and mortgages, catering primarily to the UK market.
Average Trading Volume: 387,969
Technical Sentiment Signal: Buy
Current Market Cap: £1.66B
Learn more about PAG stock on TipRanks’ Stock Analysis page.