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Paragon Banking Group PLC ( (GB:PAG) ) has shared an update.
Paragon Banking Group PLC has executed a share buyback program, purchasing 116,210 of its ordinary shares at a volume-weighted average price of 813.2133 pence per share. This transaction, part of a larger £50 million buyback initiative announced earlier, reflects the company’s efforts 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 in the financial services industry, focusing on banking and lending services. The company is involved in providing various financial products and services, including mortgages, loans, and savings accounts, catering primarily to the UK market.
Average Trading Volume: 419,847
Technical Sentiment Signal: Buy
Current Market Cap: £1.5B
See more insights into PAG stock on TipRanks’ Stock Analysis page.