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Paragon Banking Group PLC ( (GB:PAG) ) has issued an announcement.
Paragon Banking Group PLC has executed a share buyback program, purchasing 80,000 of its ordinary shares at an average price of 880.4074p per share. This move is part of a larger £50 million buyback initiative announced earlier in the year, aimed at consolidating the company’s share capital and potentially enhancing shareholder value. The transaction reflects Paragon’s strategic financial management and could impact its market positioning by signaling confidence in its financial health.
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, primarily focusing on banking services. The company is involved in providing a range of financial products and services, with a market focus on banking and financial management.
Average Trading Volume: 405,357
Technical Sentiment Signal: Buy
Current Market Cap: £1.68B
For detailed information about PAG stock, go to TipRanks’ Stock Analysis page.