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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 35,000 of its ordinary shares at an average price of 860.6401p per share. This transaction 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 buyback was conducted through multiple trading venues, including the London Stock Exchange, BATS Europe, Chi-X Europe, and Aquis, reflecting the company’s strategic financial management efforts.
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 and lending services. The company is involved in providing various financial products and services, including mortgages, loans, and savings accounts, catering to a diverse market segment.
Average Trading Volume: 387,761
Technical Sentiment Signal: Buy
Current Market Cap: £1.64B
See more insights into PAG stock on TipRanks’ Stock Analysis page.