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Paragon Banking Group PLC ( (GB:PAG) ) has issued an update.
Paragon Banking Group PLC has executed a share buyback program, purchasing 120,994 ordinary shares at an average price of 806.0898 pence per share. This buyback is part of a larger £50 million program announced earlier, and it reflects the company’s strategy to manage its capital structure and potentially enhance shareholder value by reducing the number of shares in circulation.
The most recent analyst rating on (GB:PAG) stock is a Buy with a £1050.00 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 strong financial performance, characterized by high profitability and robust cash flow, is the most significant factor driving the stock score. The valuation is favorable with a low P/E ratio and high dividend yield. However, technical indicators suggest bearish momentum, which tempers the overall score.
To see Spark’s full report on GB:PAG stock, click here.
More about Paragon Banking Group PLC
Paragon Banking Group PLC operates within the financial services industry, focusing on banking and lending services. The company is involved in various financial activities, including providing loans and managing savings accounts, with a market focus on personal and commercial banking solutions.
Average Trading Volume: 421,884
Technical Sentiment Signal: Buy
Current Market Cap: £1.53B
For an in-depth examination of PAG stock, go to TipRanks’ Overview page.