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The latest announcement is out from Paragon Banking Group PLC ( (GB:PAG) ).
Paragon Banking Group PLC announced the purchase of 133,000 of its ordinary shares as part of a share buyback program worth up to £50 million. This transaction, executed through UBS AG London Branch, reflects the company’s strategy to manage its capital structure and potentially enhance shareholder value, with the total voting rights now standing at 194,923,590 ordinary shares.
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 and lending services. The company is involved in providing various financial products, including mortgages, loans, and savings accounts, catering primarily to the UK market.
Average Trading Volume: 400,659
Technical Sentiment Signal: Buy
Current Market Cap: £1.66B
Find detailed analytics on PAG stock on TipRanks’ Stock Analysis page.